The IHS Markit Eurozone Manufacturing PMI fell to 53.6 in November 2020, from 54.8 in the previous month but remained above market consensus of 53.1 as a renewal of lockdowns in many European countries so far have not had a significant effect on the factory activity. Manufacturing production continued to rise markedly, while inflows of new orders increased at the slowest rate recorded over the past five months. At the same time, employment declined at a softer rate and work-in-hand was up for a fourth successive month. On the price front, input cost inflation hit a near two-year high, while selling prices increased only slightly. Looking ahead, business confidence was the strongest since March 2018, due to encouraging news of vaccine developments in recent weeks. source: Markit Economics
Manufacturing PMI in the Euro Area averaged 50.70 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 November of 2020.
Manufacturing PMI in Euro Area is expected to be 50.10 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 53.20 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.