The IHS Markit Euro Area Manufacturing PMI went up to 58.6 in November of 2021 from 58.3 in October and above market forecasts of 57.3, flash estimates showed. Still, the latest reading remained the second-weakest seen over the past 17 months. New business rose but growth was held back in particular by a third successive monthly drop in production in the autos sector. More positively, especially robust expansions were seen for tech equipment, food & drink and household goods. Fears over supply issues contributed to further inventory building by manufacturers, with November seeing a record build-up of warehouse stocks for the second month running as firms increased their purchases of available inputs. On the price front, firms’ input costs rose at an unprecedented pace and selling price inflation also accelerated. Finally, optimism in manufacturing improved from October’s one-year low, though remained subdued by supply and price worries. source: Markit Economics

Manufacturing PMI in the Euro Area averaged 51.34 points from 2007 until 2021, 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 November of 2021.

Manufacturing PMI in Euro Area is expected to be 55.60 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 2022 and 53.40 points in 2023, according to our econometric models.

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Euro Area Manufacturing PMI


Related Last Previous Unit Reference
Manufacturing PMI 58.60 58.30 points Nov/21
Services PMI 56.60 54.60 points Nov/21
Composite PMI 55.80 54.20 points Nov/21

News Stream
Eurozone Manufacturing PMI Unexpectedly Rises
The IHS Markit Euro Area Manufacturing PMI went up to 58.6 in November of 2021 from 58.3 in October and above market forecasts of 57.3, flash estimates showed. Still, the latest reading remained the second-weakest seen over the past 17 months. New business rose but growth was held back in particular by a third successive monthly drop in production in the autos sector. More positively, especially robust expansions were seen for tech equipment, food & drink and household goods. Fears over supply issues contributed to further inventory building by manufacturers, with November seeing a record build-up of warehouse stocks for the second month running as firms increased their purchases of available inputs. On the price front, firms’ input costs rose at an unprecedented pace and selling price inflation also accelerated. Finally, optimism in manufacturing improved from October’s one-year low, though remained subdued by supply and price worries.
2021-11-23
Eurozone Manufacturing PMI Drops to 8-Month Low
The IHS Markit Eurozone Manufacturing PMI was revised lower to 58.3 in October of 2021, from an initial estimate of 58.5 and compared with September's final 58.6. Overall, this signaled the slowest improvement in manufacturing sector conditions since February as supply-side issues interrupted production schedules and dented order books. Production expanded the least in the current 16-month growth sequence and new business intakes grew at the weakest pace since January. Firms’ struggles to obtain manufacturing inputs was also clear in survey data, with supplier delivery times lengthening to one of the most severe extents on record. Subsequently, input cost and output price inflation rates surged to new survey peaks. Finally, although business confidence remained strong and above its historical average in October, the level of positive sentiment slumped to a one-year low.
2021-11-02
Euro Area Manufacturing PMI Falls Much Less then Forecasts
The IHS Markit Euro Area Manufacturing PMI edged down to 58.5 in October of 2021 from 58.6 in September, still way above market forecasts of 57, flash estimates showed. The reading pointed to the slowest growth in factory activity in 8 months, although it remained a strong one by historical standards. Production was the lowest in 16 months, mainly due to supply constraints as supply shortages and transportation problems continued to worsen. The autos and parts sector reported the worst performance, with output falling sharply again in October and at an increased rate. Meanwhile, new orders eased while job growth edged up. On the price front, input prices rose at a record pace and output ones were the highest in almost 2 decades. Finally, optimism in manufacturing hit the lowest for a year, largely due to concerns over the lingering impact of the pandemic on supply chains and prices.
2021-10-22

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.