The IHS Markit Eurozone Manufacturing PMI increased to 59 in January of 2022 from 58 in December, the strongest growth in factory activity in 5 months, boosted by an alleviation of supply chain delays, preliminary estimates showed. Figures compare with market forecasts of 57.5. Although staffing issues curbed output in some factories, supply constraints eased, helping boost production in many firms. Average supplier delivery delays lengthened to the least extent since January of last year, with fewer items reported in short supply and shipping delays. Growth was recorded in all major manufacturing sectors, including a second consecutive month of rising production in the auto sector. Also, jobs growth hit the highest since last July, input inflation was the lowest since April 2021 while prices charged continued to rise. Finally, prospects among manufacturers brightened, with easing supply chain delays helping drive future output expectations to the highest since last June. source: Markit Economics
Manufacturing PMI in the Euro Area averaged 51.42 points from 2007 until 2022, reaching an all time high of 63.40 points in June of 2021 and a record low of 33.40 points in April of 2020. This page provides the latest reported value for - Euro Area Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Manufacturing PMI in Euro Area is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 54.00 points in 2023 and 53.40 points in 2024, according to our econometric models.