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. source: S&P Global
Manufacturing PMI In the Euro Area decreased to 45.70 points in March from 46.50 points in February of 2024. Manufacturing PMI in Euro Area averaged 50.96 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 March of 2024.
Manufacturing PMI In the Euro Area decreased to 45.70 points in March from 46.50 points in February of 2024. Manufacturing PMI in Euro Area is expected to be 45.70 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.