The IHS Markit Eurozone Manufacturing PMI dropped to 58.7 in September of 2021 from 61.4 in August, missing market expectations of 60.3, preliminary estimates showed. The latest reading pointed to a third successive month in which growth has slowed in the sector since June’s survey's record expansion, and to the greatest extent since February. The rates of growth for both output and new orders eased to an eight-month low, primarily linked to supply chain constraints, as well as concerns over the ongoing pandemic. New export orders also grew less and the pace of job creation moderated to a six-month low. Meanwhile, suppliers’ delivery times lengthened at an increased rate in September, continuing to extend to a degree greatly exceeding anything seen prior to the pandemic. On the price front, input price inflation in manufacturing remained close to all-time highs. source: Markit Economics
Manufacturing PMI in the Euro Area averaged 51.26 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 September of 2021.
Manufacturing PMI in Euro Area is expected to be 59.90 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.