The IHS Markit Eurozone Manufacturing PMI fell to 47.7 in May 2019 from 47.9 in the previous month and below market expectations of 48.1, a preliminary estimate showed. Output fell for the fourth consecutive month and new orders dropped for an eighth straight month, still the rates of decline softened for a second successive month. Also, export order dropped at slower pace and employment went down for the first time since August 2014 and at the fastest rate since November 2013. On the price front, input cost inflation eased as suppliers increasingly fought on price for business and output price inflation slowed to the second-lowest since November 2016. Looking ahead, confidence remained among the weakest since 2012. Manufacturing PMI in the Euro Area is reported by Markit Economics.

Manufacturing PMI in Euro Area is expected to be 49.80 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 52.00 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 54.50 in 2020, according to our econometric models.

Euro Area Manufacturing PMI
Forecast Data Chart
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.42 0.54 1.62 -3.30 Index Points [+]
Manufacturing PMI 47.70 47.90 60.60 33.50 [+]
Services PMI 52.50 52.80 58.30 39.20 Index Points [+]
Composite Pmi 51.60 51.50 58.80 45.70 Index Points [+]
Industrial Production -0.60 0.00 9.70 -21.40 percent [+]
Industrial Production Mom -0.30 -0.10 3.40 -4.00 percent [+]
Manufacturing Production 0.30 0.80 10.00 -21.80 percent [+]
Capacity Utilization 82.80 83.60 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index -1.60 4.50 89.90 -63.70 [+]
Car Registrations 934.92 892.52 1169.19 669.00 Thousand [+]
Mining Production -3.40 -1.80 42.30 -27.80 percent [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
47.70 47.90 60.60 33.50 2007 - 2019 Monthly

Country Last Previous
Australia 54.80 Apr/19
Brazil 51.50 Apr/19
Canada 49.70 Apr/19
China 50.20 Apr/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 51.80 Apr/19
Indonesia 50.40 Apr/19
Italy 49.10 Apr/19
Japan 49.60 May/19
Mexico 50.10 Apr/19
Netherlands 52.00 Apr/19
Russia 51.80 Apr/19
Saudi Arabia 56.80 Apr/19
Singapore 50.30 Apr/19
South Africa 47.20 Apr/19
South Korea 50.20 Apr/19
Spain 51.80 Apr/19
Switzerland 48.50 Apr/19
Turkey 46.80 Apr/19
United Kingdom 53.10 Apr/19
United States 50.60 May/19