Euro Area Manufacturing PMI
Summary
Stats
Forecast
Calendar
Alerts
The HCOB Eurozone Manufacturing PMI increased to 43.8 in November from October’s 43.1, marking the highest level in six months and surpassing market expectations of 43.4, preliminary estimates showed.Despite this improvement, manufacturing production declined for the eighth consecutive month, though at a pace less severe than in previous months.New orders experienced a weaker fall, leading to the largest job cuts in the sector since August 2020.Manufacturers also rapidly reduced purchasing activity and lowered inventories of both purchases and finished goods.On the pricing front, manufacturing saw a further sharp decrease in input costs, slightly quicker than October, while factory output prices fell for the seventh consecutive month as companies passed on cost savings amid sharply declining demand.
Looking ahead, there is a slight improvement in confidence.
source:
S&P Global
Manufacturing PMI In the Euro Area increased to 43.80 points in November from 43.10 points in October of 2023.
Manufacturing PMI in Euro Area averaged 51.06 points from 2007 until 2023, 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 November of 2023.
Manufacturing PMI In the Euro Area increased to 43.80 points in November from 43.10 points in October of 2023.Manufacturing PMI in Euro Area is expected to be 44.40 In the long-term, the Euro Area Manufacturing PMI is projected to trend around 53.50 points in 2024 and 53.00 points in 2025, according to our econometric models.
//tradingeconomics.com/embed/?s=euroareamanpmi&lbl=0&v=202311230907v20230410&w=850&h=400&h=300&w=600&ref=/euro-area/manufacturing-
Services PMI
48.20
47.80
points
Nov 2023
Manufacturing PMI
43.80
43.10
points
Nov 2023
Composite PMI
47.10
46.50
points
Nov 2023
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
43.80
43.10
63.40
33.40
2007 – 2023
points
Monthly
SA
Compare
Manufacturing PMI by Country
News Stream
Euro Area Manufacturing PMI at 6-Month High
The HCOB Eurozone Manufacturing PMI increased to 43.8 in November from October’s 43.1, marking the highest level in six months and surpassing market expectations of 43.4, preliminary estimates showed.Despite this improvement, manufacturing production declined for the eighth consecutive month, though at a pace less severe than in previous months.New orders experienced a weaker fall, leading to the largest job cuts in the sector since August 2020.Manufacturers also rapidly reduced purchasing activity and lowered inventories of both purchases and finished goods.On the pricing front, manufacturing saw a further sharp decrease in input costs, slightly quicker than October, while factory output prices fell for the seventh consecutive month as companies passed on cost savings amid sharply declining demand.Looking ahead, there is a slight improvement in confidence.
2023-11-23
Euro Area Manufacturing Sector Continues to Contract
The HCOB Eurozone Manufacturing PMI came in at 43.1 in October 2023, down from 43.4 in September and compared with a preliminary estimate of 43.
This marked the sixteenth consecutive month that the Eurozone’s manufacturing sector has been in contraction territory, and the sharpest in three months.New orders, purchasing activity, and backlogs all contracted significantly and rapidly, leading to a notable decrease in factory production.
In fact, October’s contraction in new orders was among the strongest ever recorded, highlighting significant weaknesses in the Eurozone’s manufacturing economy.Furthermore, the survey indicated the fastest reduction in factory employment levels since August 2020.Business confidence also decreased, reaching an 11-month low.
2023-11-02
Euro Area Manufacturing Sector Shrinks Further
The HCOB Eurozone Manufacturing PMI fell to 43 in October 2023 from 43.4 in September, the lowest in three months and missing market expectations of 43.7, preliminary estimates showed.New orders received fell sharply again, dropping at a slightly faster rate than September.Backlogs of orders were consequently depleted and also dropped at a slightly faster rate.
Firms reduced employment for a fifth consecutive month and at the sharpest rate since August 2020.On the price front, input prices were down for an eighth consecutive month, although the rate of decline eased for a third month in a row; and average prices charged fell markedly.Looking ahead, confidence about output levels in the year-ahead deteriorated.
2023-10-24
Related
European Stocks Gain Traction in Afternoon Trading
Euro Remains Above $1.09 as ECB Leaves Door Open for Further Hikes
ECB Rate Hikes Still on Table Despite Easing Inflation
Euro Area Services Activity Contracts for 4th Month
Euro Area Private Sector Activity Remains Weak
Euro Area Manufacturing PMI at 6-Month High
Eurozone Consumer Morale Improves to 3-Month High
Eurozone Construction Output Falls in September
Eurozone October Inflation Confirmed at Over 2-Year Low
Eurozone Posts Largest Current Account Surplus in Over 2 Years
Latest
Euro Area
United States
United
Calendar
Forecast
Indicators
News
Markets
Currency
Stock Market
GDP
Full Year GDP Growth
GDP
GDP Annual Growth Rate
GDP Constant Prices
GDP Growth Annualized
GDP Growth Rate
GDP per Capita
GDP per Capita PPP
Gross Fixed Capital Formation
Labour
Employed Persons
Employment Change
Full Time Employment
Labor Force Participation Rate
Labour Costs
Long Term Unemployment Rate
Part Time Employment
Population
Productivity
Retirement Age Men
Retirement Age Women
Unemployed Persons
Unemployment Rate
Wage Growth
Wages
Youth Unemployment Rate
Prices
Consumer Price Index CPI
Core Consumer Prices
Core Inflation Rate
Core Inflation Rate MoM
CPI Housing Utilities
CPI Transportation
Energy Inflation
Energy Prices
Food Inflation
GDP Deflator
Import Prices
Inflation Expectations
Inflation Rate
Inflation Rate MoM
Producer Price Inflation MoM
Producer Prices
Producer Prices Change
Rent Inflation
Selling Price Expectations
Services Inflation
Money
Central Bank Balance Sheet
Deposit Interest Rate
Foreign Exchange Reserves
Interbank Rate
Interest Rate
Lending Rate
Loan Growth
Loans to Private Sector
Longer-Term Refinancing Operations
Money Supply M1
Money Supply M2
Money Supply M3
Refinancing Operations
Trade
Balance of Trade
Capital Flows
Current Account
Current Account Goods
Current Account to GDP
Exports
External Debt
Gold Reserves
Imports
Government
Government Budget
Government Debt
Government Debt to GDP
Government Spending
Government Spending to GDP
Holidays
Business
Bankruptcies
Business Confidence
Capacity Utilization
Car Registrations
Changes in Inventories
Composite PMI
Industrial Production
Industrial Production Mom
Industrial Sentiment
Manufacturing PMI
Manufacturing Production
Mining Production
Services PMI
Services Sentiment
ZEW Economic Sentiment Index
Consumer
Bank Lending Rate
Consumer Confidence
Consumer Confidence Price Trends
Consumer Credit
Consumer Spending
Disposable Personal Income
Economic Optimism Index
Households Debt to GDP
Households Debt to Income
Personal Savings
Private Sector Credit
Retail Sales MoM
Retail Sales YoY
Housing
Construction Output
Construction PMI
Home Ownership Rate
Housing Index
Price to Rent Ratio
Residential Property Prices
Taxes
Corporate Tax Rate
Personal Income Tax Rate
Sales Tax Rate
More Indicators
National Statistics
EUROSTAT
World Bank.
