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. source: Markit Economics
Manufacturing PMI in the Euro Area averaged 51.52 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 June of 2022.
Manufacturing PMI in Euro Area is expected to be 54.00 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.