The S&P Global Eurozone Manufacturing PMI fell to 52.1 in June of 2022 from 54.6 in May, pointing to the slowest growth in factory activity since August of 2020, and slightly above preliminary estimates of 52. Production levels fell for the first time in two years, new business intakes and export orders both declined and backlogs of work also fell for the first time in almost two years as companies focused on completing unfilled orders due to falling demand. Elsewhere, there were further tentative signs of supply chains edging closer to stability as input lead times lengthened to the least marked extent in a year-and-a-half. There was also a softening of inflationary pressures as both input costs and output prices rose at slower rates. Finally, business sentiment fell to its weakest level since May 2020 as concerns surrounding the global economic outlook and inflation weighed on growth expectations. source: Markit Economics

Manufacturing PMI in the Euro Area averaged 51.53 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 July of 2022.

Manufacturing PMI in Euro Area is expected to be 54.30 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.

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Euro Area Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 53.00 56.10 points Jun 2022
Manufacturing PMI 52.10 54.60 points Jun 2022
Composite PMI 52.00 54.80 points Jun 2022

Euro Area Manufacturing PMI
In the Euro Area, the S&P Global Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 3,000 manufacturing firms. National data are included for Germany, France, Italy, Spain, the Netherlands, Austria, the Republic of Ireland and Greece. These countries together account for an estimated 90% of Eurozone manufacturing activity. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
52.10 54.60 63.40 33.40 2007 - 2022 points Monthly
SA

News Stream
Euro Area Manufacturing PMI Down to 22-Month Low
The S&P Global Eurozone Manufacturing PMI fell to 52.1 in June of 2022 from 54.6 in May, pointing to the slowest growth in factory activity since August of 2020, and slightly above preliminary estimates of 52. Production levels fell for the first time in two years, new business intakes and export orders both declined and backlogs of work also fell for the first time in almost two years as companies focused on completing unfilled orders due to falling demand. Elsewhere, there were further tentative signs of supply chains edging closer to stability as input lead times lengthened to the least marked extent in a year-and-a-half. There was also a softening of inflationary pressures as both input costs and output prices rose at slower rates. Finally, business sentiment fell to its weakest level since May 2020 as concerns surrounding the global economic outlook and inflation weighed on growth expectations.
2022-07-01
Euro Area Factory Growth Slows to 22-Month Low
The S&P Global Eurozone Manufacturing PMI dropped to 52 in June of 2022, from 54.6 in May, the lowest in 22 months and below market expectations of 53.9, flash estimates showed. Output fell for the first time in two years and the rate of decline looks set to accelerate in July given a steepening loss of new orders received during the month. New orders for goods have now fallen for two consecutive months, with June seeing the sharpest decline since May 2020. Jobs growth meanwhile moderated as firms scaled back their future expansion plans due to the harsher demand environment and deteriorating outlook. Looking at prices, rates of selling price inflation cooled while the rate of input cost increase accelerate to the steepest since April, in part reflecting the pass-through of prior raw material and energy cost increases to wages. Manufacturing expectations for the year ahead worsened markedly, down to the lowest since May 2020.
2022-06-23
Euro Area Factory Growth Revised Higher: PMI
The S&P Global Eurozone Manufacturing PMI was revised higher to 54.6 in May of 2022, from an initial estimate of 54.4 and compared with April's final 55.5. Still, it remained the lowest reading since November 2020 as new orders fell for the first time since June 2020. Although output growth picked up marginally from April’s recent low, it remained sluggish, while business confidence was among the lowest seen over the past two years amid sustained concerns surrounding the outlook for prices, supply chains and demand. Prices data signalled still-substantial inflationary pressures in May despite rates of increase in both input costs and output charges easing slightly. Meanwhile, there were also signs, albeit limited, of some supply disruptions easing as delivery times lengthened to the second-weakest extent since the beginning of 2021.
2022-06-01