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Euro Area Manufacturing PMI

Last Release
Jan 31, 2023
Actual
48.8
Units In
Points
Previous
47.8
Frequency
Monthly
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
63.4
Jun 2021
33.4
Apr 2020
51.4 Points2007-2023Markit Economics
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.

Latest Updates

The S&P Global Eurozone Manufacturing PMI was confirmed at 48.8 in January 2023, up from 47.8 in the previous month and pointing to the weakest pace of contraction in the sector since last August. New orders continued to fall, but at a rate that was the softest since May 2022, with new export business dropping for an eleventh month in a row. Backlogs of work declined sharply and employment growth picked up slightly to a three-month high. The survey also pointed to another month of broadly stable supply-chain conditions. On the price front, input cost inflation eased to a 26-month low, while selling prices increased at a slightly faster pace. Lastly, there was a notable improvement in business confidence during January, with growth expectations strengthening to their strongest since February 2022.

Euro Area Manufacturing PMI History

Last 12 readings

Euro Area Business Indicators

All Euro Area indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Business Confidence
0.69
Jan 2023
0.57
Dec 2022
-3.18
May 2009
1.85
Jul 2021
PointsMonthly1985-2023
Capacity Utilization
81.4
Dec 2022
82.4
Sep 2022
69.6
Sep 2009
85.3
Dec 1989
%Quarterly1985-2022
Car Registrations
765.9
Dec 2022
765.39
Nov 2022
199.77
Apr 2020
1,129.17
Aug 2018
ThousandMonthly1990-2022
Changes In Inventories
64.44
Sep 2022
57.53
Jun 2022
-22.69
Sep 2020
64.44
Sep 2022
EUR BillionQuarterly1995-2022
Composite PMI
50.3
Jan 2023
49.3
Dec 2022
13.6
Apr 2020
60.2
Jul 2021
PointsMonthly2012-2023
Employed Persons
164.48
Sep 2022
164.11
Jun 2022
117.36
Jun 1984
164.48
Sep 2022
MillionQuarterly1980-2022
Industrial Production
2
Nov 2022
3.4
Oct 2022
-28.1
Apr 2020
40.6
Apr 2021
%Monthly1991-2022
Industrial Production Mom
1
Nov 2022
-2
Oct 2022
-19.2
Apr 2020
14.1
May 2020
%Monthly1990-2022
Industrial Sentiment
1.3
Jan 2023
-0.6
Dec 2022
-37.6
Mar 2009
14.7
Jul 2021
Monthly1985-2023
Manufacturing PMI
48.8
Jan 2023
47.8
Dec 2022
33.4
Apr 2020
63.4
Jun 2021
PointsMonthly2007-2023
Manufacturing Production
3.5
Nov 2022
4.7
Oct 2022
-29.9
Apr 2020
44.2
Apr 2021
%Monthly1992-2022
Mining Production
-3.8
Nov 2022
0.3
Oct 2022
-27.8
Apr 2009
42.3
Sep 1990
%Monthly1990-2022
Services PMI
50.8
Jan 2023
49.8
Dec 2022
12
Apr 2020
59.8
Jul 2021
PointsMonthly2007-2023
Services Sentiment
10.7
Jan 2023
7.7
Dec 2022
-43.5
May 2020
35
Jun 1998
Monthly1995-2023
Zew Economic Sentiment Index
16.7
Jan 2023
-23.6
Dec 2022
-63.7
Jul 2008
89.9
Jan 2000
Monthly1999-2023

Manufacturing PMI across Europe

Manufacturing PMI global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Austria
48.4
Jan 2023
47.3
Dec 2022
31.6
Apr 2020
67
Jun 2021
Points Monthly2013-2023
Czech Republic
44.6
Jan 2023
42.6
Dec 2022
35.1
Apr 2020
62.7
Jun 2021
Points Monthly2011-2023
Denmark
54.9
Jan 2023
51.2
Dec 2022
25.02
Feb 2009
72.17
Oct 2021
Points Monthly1994-2023
Euro Area
48.8
Jan 2023
47.8
Dec 2022
33.4
Apr 2020
63.4
Jun 2021
Points Monthly2007-2023
France
50.5
Jan 2023
49.2
Dec 2022
31.5
Apr 2020
59.4
May 2021
Points Monthly2011-2023
Germany
47.3
Jan 2023
47.1
Dec 2022
32
Jan 2009
66.6
Mar 2021
Points Monthly2008-2023
Greece
49.2
Jan 2023
47.2
Dec 2022
29.5
Apr 2020
59.3
Aug 2021
Points Monthly2011-2023
Hungary
55
Jan 2023
59.3
Dec 2022
30.71
Mar 2020
65.5
Dec 2021
Points Monthly1995-2023
Ireland
50.1
Jan 2023
48.7
Dec 2022
36
Apr 2020
64.1
May 2021
Points Monthly2011-2023
Italy
50.4
Jan 2023
48.5
Dec 2022
31.1
Apr 2020
62.8
Nov 2021
Points Monthly2012-2023
Netherlands
49.6
Jan 2023
48.6
Dec 2022
40.5
May 2020
69.4
May 2021
Points Monthly2012-2023
Norway
50
Jan 2023
50.05
Dec 2022
36.9
Feb 2009
64.12
Jul 2017
Points Monthly2004-2023
Poland
47.5
Jan 2023
45.6
Dec 2022
31.9
Apr 2020
59.4
Jun 2021
Points Monthly2011-2023
Russian Federation
52.6
Jan 2023
53
Dec 2022
31.3
Apr 2020
54.7
Jan 2017
Points Monthly2011-2023
Spain
48.4
Jan 2023
46.4
Dec 2022
30.8
Apr 2020
60.4
Jun 2021
Points Monthly2011-2023
Sweden
46.8
Jan 2023
45.9
Dec 2022
34
Dec 2008
70.4
Nov 1994
Points Monthly1994-2023
Switzerland
49.3
Jan 2023
54.1
Dec 2022
33
Mar 2009
70
Jul 2021
Points Monthly1995-2023
Turkey
50.1
Jan 2023
48.1
Dec 2022
33.4
Apr 2020
56.9
Jul 2020
Points Monthly2011-2023
United Kingdom
47
Jan 2023
45.3
Dec 2022
32.6
Apr 2020
65.6
May 2021
Points Monthly2008-2023

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