The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020, up from a preliminary estimate of 51.1 and compared to June's final reading of 47.4. That latest PMI pointed to the first month of expansion in the bloc's manufacturing sector since February 2019 as output and demand continued to recover in line with the further easing of restrictions on activity related to the coronavirus pandemic. Both production and new orders returned to growth, with new export orders rising for the first time since September 2018. Meanwhile, backlogs of work declined dropped for a twenty-third successive month, while employment fell for a fifteenth successive month. On the price front, input costs were down for a fourteenth month in a row and output charges were cut again to boost sales. Finally, looking ahead to the coming 12 months, business confidence continued to recover in July.

Manufacturing PMI in the Euro Area averaged 50.63 points from 2007 until 2020, reaching an all time high of 60.60 points in December of 2017 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 August of 2020. source: Markit Economics

Manufacturing PMI in Euro Area is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Euro Area to stand at 54.00 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 52.00 points in 2021 and 53.40 points in 2022, according to our econometric models.

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Euro Area Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.80 47.40 60.60 33.40 2007 - 2020 points Monthly
SA


News Stream
Eurozone July Manufacturing PMI Revised Higher
The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020, up from a preliminary estimate of 51.1 and compared to June's final reading of 47.4. That latest PMI pointed to the first month of expansion in the bloc's manufacturing sector since February 2019 as output and demand continued to recover in line with the further easing of restrictions on activity related to the coronavirus pandemic. Both production and new orders returned to growth, with new export orders rising for the first time since September 2018. Meanwhile, backlogs of work declined dropped for a twenty-third successive month, while employment fell for a fifteenth successive month. On the price front, input costs were down for a fourteenth month in a row and output charges were cut again to boost sales. Finally, looking ahead to the coming 12 months, business confidence continued to recover in July.
2020-08-03
Euro Area Manufacturing Activity Returns to Growth
The IHS Markit Eurozone Manufacturing PMI increased to 51.1 in July of 2020 from 47.4 in June, beating market forecasts of 50, preliminary estimates showed. The reading pointed to the first increase in factory activity since January of 2019, partly reflecting a technical rebound from recent lockdowns, as businesses and their customers increasingly returned to work following the further relaxation of COVID-19 containment measures across the region during the month. Output increased solidly, new orders rose for the first time since September of 2018 while employment fell further and both input and output costs decreased. Business confidence reached a 5-month high.
2020-07-24
Euro Area Factory Activity Shrinks Less than Expected
The IHS Markit Eurozone Manufacturing PMI was revised higher to a four-month high of 47.4 from a preliminary estimate of 46.9 and compared to May's final reading of 39.4. Still, the latest survey suggested the Eurozone manufacturing sector remained in contraction territory for the past 17 months. Output and new orders declined at a softer pace as more businesses restarted operations following weeks of closure due to the coronavirus pandemic. Backlogs of work outstanding fell for a twenty-second successive month and employment dropped for a fourteenth month in a row. Purchasing activity also remained depressed. On the price front, both input costs and output charges continued to decline. Finally, confidence about production in the year ahead returned to positive territory during June.
2020-07-01
Eurozone Factory Activity Contracts Less than Expected
The IHS Markit Eurozone Manufacturing PMI rose to 46.9 in June 2020 from 39.4 in the previous month and beating market expectations of 44.5, a flash estimate showed. The latest reading pointed to the weakest contraction in factory activity in four months, as coronavirus lockdown restrictions continued to be relaxed. Output continued to fall, albeit at a softer pace and new orders dropped at slower rate amid the persistent closure of non-essential business, many social distancing measures remained in place and weak demand. The job shedding rate eased for the second straight month. On the price front, input prices increased for the first time since February, due to rising wage pressures, while output charges declined for the fourth consecutive month amid widespread discounting to boost sales. Finally, sentiment improved to its highest level since February, amid the relaxation of some lockdown measures, and planned further easing in coming months.
2020-06-23

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.