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.



Related Last Previous Unit Reference
Bankruptcies 2.70 -10.90 percent Dec 2023
Business Confidence -0.30 -0.41 points Mar 2024
Capacity Utilization 79.20 79.60 percent Mar 2024
Car Registrations 778668.23 771857.27 Units Feb 2024
Changes in Inventories 36.23 7.28 EUR Billion Dec 2023
HCOB Composite PMI 51.40 50.30 points Apr 2024
Industrial Production YoY -6.40 -6.60 percent Feb 2024
Industrial Production MoM 0.80 -3.00 percent Feb 2024
Industrial Sentiment -8.80 -9.40 points Mar 2024
HCOB Manufacturing PMI 45.60 46.10 points Apr 2024
Manufacturing Production -6.50 -7.50 percent Feb 2024
Mining Production -7.40 -11.20 percent Feb 2024
HCOB Services PMI 52.90 51.50 points Apr 2024
Services Sentiment 6.30 6.00 points Mar 2024
ZEW Economic Sentiment Index 43.90 33.50 points Apr 2024

Euro Area Manufacturing PMI
The HCOB Eurozone Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to survey panels of manufacturers in Germany, France, Italy, Spain, the Netherlands, Austria, Ireland and Greece, totaling around 3,000 private sector companies. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.
Actual Previous Highest Lowest Dates Unit Frequency
45.60 46.10 63.40 33.40 2007 - 2024 points Monthly
SA

News Stream
Euro Area Manufacturing PMI at 4-Month Low
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.
2024-04-23
Euro Area Manufacturing PMI Revised Higher
The HCOB Eurozone Manufacturing PMI was revised higher to 46.1 in March 2024 from a preliminary estimate of 45.7. Still, the reading indicates a three-month low mainly influenced by changes in suppliers' delivery times and stocks of purchases following the relief of disruptions due to the Suez Canal issue. Although manufacturing output declined for the twelfth consecutive month, the rate of contraction slowed, reaching its lowest point since April 2023. New orders also saw a less pronounced decrease for the fifth month in a row. Additionally, export sales, while still falling, demonstrated the least decline in almost two years, lessening the impact of weak international markets on eurozone manufacturing demand. Business confidence also rose to its highest level in nearly a year, but growth expectations remained relatively weak, which weighed further on factory employment.
2024-04-02
Euro Area Manufacturing PMI at 3-Month Low
The HCOB Eurozone Manufacturing PMI fell to a three-month low of 45.7 in March 2024 from 46.5 in February, and well below market forecasts of 47, preliminary estimates showed. The reading pointed to another worsening of manufacturing conditions, with job losses falling at the joint-largest pace since August 2020 while the rate of output and new orders decline softened a bit. Also, input buying dropped more and inventories of inputs fell the most since December. Meanwhile, supplier delivery times at goods producers also continued to improve after the initial Red Sea related delays seen at the start of the year, facilitating a further fall in manufacturing input prices. Among the largest economies, manufacturing conditions worsened for both Germany and France.
2024-03-21