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.

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Euro Area Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
58.70 61.40 63.40 33.40 2007 - 2021 points Monthly
SA


News Stream
Euro Area Manufacturing PMI Falls Again in September
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.
2021-09-23
Eurozone Manufacturing PMI Confirmed at 6-Month Low
The IHS Markit Eurozone Manufacturing PMI stood at 61.4 in August 2021, little-changed from a preliminary estimate of 61.5 and below July's final 62.8. The latest reading marked a second successive month in which growth has slowed in the sector since June’s survey's record expansion, amid signs of strong capacity constraints. Manufacturing production growth eased to a six-month low, while total new orders increased for a fourteenth straight month and new export business also grew at a marked rate. In addition, the pace of job creation was down only modestly from July’s all-time high. On the price front, input cost inflation slowed for the first time since prices started rising in August 2020, but remained strong overall amid ongoing supply chain issues and strong input demand. Output charge inflation also eased for the first time since January, but remained close to July's peak. Finally, business confidence fell to its lowest since November 2020.
2021-09-01
Euro Area Manufacturing PMI Falls in August
The IHS Markit Eurozone Manufacturing PMI edged down to 61.5 in August of 2021 from 62.8 in July, and compared to market forecasts of 62, preliminary estimates showed. The reading pointed to the slowest growth in factory activity in 6 months, although it remained a robust one. Manufacturing output also continued to grow at a pace rarely exceeded in the survey history as a result of the ongoing recovery of demand from the depths of the pandemic, though the rate of expansion moderated for a second month to the weakest since February. Slower production growth was primarily linked to supply chain constraints. Meanwhile, job creation slowed slightly, in part reflecting labour shortages and backlogs again grew especially sharply. On the price front, input inflation eased to a 3-month low but selling prices increased rapidly.
2021-08-23
Eurozone Manufacturing Growth Remains Strong
The IHS Markit Eurozone Manufacturing PMI stood at 62.8 in July 2021, little-changed from a preliminary estimate of 62.6, but down slightly from 63.4 in June and the lowest since March. Nevertheless, the sector has now recorded successive months of expansion since July 2020, with the latest reading only slightly below June’s survey record high. Output rose at the softest rate since February, while the rate of growth in new business held close to March’s survey record and new export orders continued to expand at a sharp pace. In addition, employment levels rose the most since data collection began 24 years ago, amid a considerable increase in backlogs of work. Manufacturers continued to face substantial supply-side challenges, with input lead times lengthening to one of the greatest degrees ever recorded by the survey. On the price front, input costs and output charges rose at record rates. Looking ahead, business confidence slipped to a seven-month low, but remained strong overall.
2021-08-02

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.