The IHS Markit Eurozone Manufacturing PMI fell further to 47.6 in March 2019 from 49.3 in the previous month and below market consensus of 49.5, a preliminary estimate showed. The latest reading pointed to the steepest pace of contraction in the manufacturing sector since April 2013 as output shrank the most in nearly six years and new orders dropped the most since December 2012, fueled by the largest fall in new export orders since August 2012. Employment more or less stagnated as a result, showing the weakest rise for over four years, and input buying fell to a degree not witnessed for six years. On the price front, input costs rose at a softer rate. Looking ahead, optimism eased to the weakest since December 2012. Among Eurozone's largest economies, German manufacturing output fell at the sharpest rate since August 2012 and French factory activity fell back into contraction territory. Manufacturing PMI in the Euro Area is reported by Markit Economics.

Manufacturing PMI in Euro Area is expected to be 50.40 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 52.30 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
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.69 0.69 1.62 -3.29 Index Points [+]
Manufacturing PMI 47.60 49.30 60.60 33.50 [+]
Services PMI 52.70 52.80 58.30 39.20 Index Points [+]
Composite Pmi 51.30 51.90 58.80 45.70 Index Points [+]
Industrial Production -1.10 -4.20 9.70 -21.40 percent [+]
Industrial Production Mom 1.40 -0.90 3.20 -3.90 percent [+]
Manufacturing Production -1.90 -4.00 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index -2.50 -16.60 89.90 -63.70 [+]
Car Registrations 926.05 927.13 1169.19 669.00 Thousand [+]
Mining Production -5.60 -6.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
47.60 49.30 60.60 33.50 2007 - 2019 Monthly

Country Last Previous
Australia 54.00 Feb/19
Brazil 53.40 Feb/19
Canada 52.60 Feb/19
China 49.90 Feb/19
Euro Area 47.60 Mar/19
France 49.80 Mar/19
Germany 44.70 Mar/19
India 54.30 Feb/19
Indonesia 50.10 Feb/19
Italy 47.70 Feb/19
Japan 48.90 Mar/19
Mexico 52.60 Feb/19
Netherlands 52.70 Feb/19
Russia 50.10 Feb/19
Saudi Arabia 56.60 Feb/19
Singapore 50.40 Feb/19
South Africa 46.20 Feb/19
South Korea 47.20 Feb/19
Spain 49.90 Feb/19
Switzerland 55.40 Feb/19
Turkey 46.40 Feb/19
United Kingdom 52.00 Feb/19
United States 52.50 Mar/19