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.