The HCOB Flash Eurozone Manufacturing PMI fell to 45.6 in April 2024, the lowest in four months, from 46.1 in March, and below forecasts of 46.5. The reading continued to point to a persistent contraction in the factory sector, although production fell at the slowest rate in a year and job losses have eased somewhat. Also, manufacturing input prices continued to fall, helped by improved supply conditions. Otherwise, the picture remains rather bleak, with new business continuing to decline rapidly, along with order backlogs. Weak demand for industrial products was also evident in the sharp decrease in the volume of purchased inputs and the absence of a turnaround in the inventory cycle. source: S&P Global
Manufacturing PMI In the Euro Area decreased to 45.60 points in April from 46.10 points in March of 2024. Manufacturing PMI in Euro Area averaged 50.94 points from 2007 until 2024, 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 April of 2024.
Manufacturing PMI In the Euro Area decreased to 45.60 points in April from 46.10 points in March of 2024. Manufacturing PMI in Euro Area is expected to be 49.00 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 53.00 points in 2025 and 52.00 points in 2026, according to our econometric models.