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.