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.

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Euro Area Manufacturing PMI


Euro Area Manufacturing PMI
In the Euro Area, the Markit 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
59.00 58.00 63.40 33.40 2007 - 2022 points Monthly
SA

Related Last Previous Unit Reference
Manufacturing PMI 59.00 58.00 points Jan/22
Services PMI 51.20 53.10 points Jan/22
Composite PMI 52.40 53.30 points Jan/22


News Stream
Euro Area Manufacturing PMI at 5-Month High
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.
2022-01-24
Eurozone Manufacturing PMI Confirmed at 10-Month Low
The IHS Markit Eurozone Manufacturing PMI was confirmed at 58 in December 2021, its lowest level since February. Consumer goods makers drove the slower improvement in manufacturing conditions, with intermediate and capital goods producers registering marginally quicker upturns. Manufacturing output growth was unchanged from November, which saw the second-weakest pace of expansion since July 2020, due to shortages at suppliers and subdued demand pressures. In addition, new orders rose the least since January, while backlogs of work and employment increased at a faster pace. Average input lead times lengthened to the weakest extent since February and purchases of raw materials and other semi-finished items were sharply higher, leading to the largest increase in inventories on record. On the price front, input cost inflation eased to the lowest since April and output charge inflation slowed to a four-month low. Finally, business confidence strengthened to a three-month high.
2022-01-03
Eurozone Factory Growth Beats Forecasts
The IHS Markit Eurozone Manufacturing PMI fell to 58 in December of 2021 from 58.4 in November, and compared to market forecasts of 57.8, preliminary estimates showed. Despite manufacturers reporting a weakening of new order growth, December saw the largest expansion of production since September thanks to an easing of supply constraints. Also, the pace of job creation accelerated to a four-month high. On the price front, input costs and average selling prices grew less steeply than in November, but still showed the second-fastest rates of increase recorded in the history of the survey.
2021-12-16