The IHS Markit Eurozone Manufacturing PMI stood at 62.9 in April 2021, little-changed from a preliminary estimate of 63.3 and above March's final figure of 62.5. The latest reading signaled the fastest pace of expansion in the manufacturing sector since data collection began in June 1997, remaining above the 50.0 no-change mark for the tenth successive month. Growth rates for both manufacturing output and new orders remained close to March’s survey records, as restrictions related to COVID-19 were relaxed. In addition, backlogs of work rose at a survey record pace and employment increased the most since February 2018, while average lead times for the delivery of inputs deteriorated to a degree unsurpassed in the survey’s history. On the price front, input cost inflation was the second-highest on record, while companies raised their own charges to the strongest degree in over 18 years of data availability. Looking ahead, manufacturers were at their most optimistic in nearly nine years. source: Markit Economics

Manufacturing PMI in the Euro Area averaged 50.94 points from 2007 until 2021, reaching an all time high of 62.90 points in April 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 May of 2021.

Manufacturing PMI in Euro Area is expected to be 54.00 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 52.60 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 52.00 points in 2022 and 53.40 points in 2023, according to our econometric models.

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Euro Area Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
62.90 62.50 62.90 33.40 2007 - 2021 points Monthly
SA


News Stream
Eurozone Manufacturing Growth at Record High
The IHS Markit Eurozone Manufacturing PMI stood at 62.9 in April 2021, little-changed from a preliminary estimate of 63.3 and above March's final figure of 62.5. The latest reading signaled the fastest pace of expansion in the manufacturing sector since data collection began in June 1997, remaining above the 50.0 no-change mark for the tenth successive month. Growth rates for both manufacturing output and new orders remained close to March’s survey records, as restrictions related to COVID-19 were relaxed. In addition, backlogs of work rose at a survey record pace and employment increased the most since February 2018, while average lead times for the delivery of inputs deteriorated to a degree unsurpassed in the survey’s history. On the price front, input cost inflation was the second-highest on record, while companies raised their own charges to the strongest degree in over 18 years of data availability. Looking ahead, manufacturers were at their most optimistic in nearly nine years.
2021-05-03
Euro Area Factory Growth at New Record High
The IHS Markit Eurozone Manufacturing PMI increased to a fresh record high of 63.3 in April of 2021 from 62.5 in March and beating market forecasts of 62, flash estimates showed. Output grew for a tenth straight month, expanding at a rate unsurpassed in over two decades of survey history. Germany led the factory upturn, its rate of increase easing only slightly from March’s all-time high to remain the second-strongest on record. France’s factory expansion also slowed slightly, though remained the second best seen over the past three years. Record manufacturing output growth was meanwhile seen across the rest of the region as a whole. New orders rose at a record pace for the second month, backlogs of orders also went up and job creation was the highest since February of 2018. Also, input cost inflation accelerated to a new decade-high due to supply shortages.
2021-04-23
Eurozone Manufacturing Sector Grows at Record Rate
The IHS Markit Eurozone Manufacturing PMI was revised higher to 62.5 in March 2021, from a preliminary estimate of 62.4 and well above February's 57.9, suggesting operating conditions improved to the greatest degree in nearly 24 years of survey history. Output and new orders increased at record rates, helped by the fastest increase in export orders since data collection began. In addition, purchasing activity posted the sharpest expansion ever and the pace of job creation was the strongest since August 2018. Average lead times for the delivery of inputs lengthened at an unprecedented rate as challenges in sourcing inputs due to product shortages, stronger global demand and ongoing logistical challenges linked to COVID-19 continued in March. Finally, inflationary pressures mounted, while business confidence held at an all-time high.
2021-04-01
Euro Area Factory Activity Rises at Record Pace
The IHS Markit Eurozone Manufacturing PMI jumped to a record high of 62.4 in March of 2021, beating forecasts of 57.7, as global demand continues to recover from the pandemic hit. The upturn was led by a record factory growth in Germany and the strongest in both France and the rest of the region as a whole since January of 2018, preliminary estimates showed. Employment increased at a level not seen since August of 2018 and price pressures intensified, as both prices charged and received rose the most in almost a decade often linked record supply chain delays as shortages worsened. “The outlook has deteriorated, however, amid rising COVID-19 infection rates and new lockdown measures", Chris Williamson, Chief Business Economist at IHS Markit said.
2021-03-24

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.