Euro Area: Manufacturing PMI - Final

Macro

2026-06-01

Description

The Eurozone Manufacturing Purchasing Managers' Index (PMI) is a vital economic indicator that measures the performance and health of the manufacturing sector within the Eurozone. Compiled by S&P Global (formerly IHS Markit), the index is based on monthly surveys of purchasing managers from around 3,000 manufacturing firms across the Eurozone.

A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. The index is typically released on the first business day of each month, providing a timely snapshot of the manufacturing sector's health across the Eurozone.

The Manufacturing PMI is composed of five key sub-indices: New Orders, Output, Employment, Suppliers' Delivery Times, and Stocks of Purchases. The Suppliers' Delivery Times index is inverted in the calculation to ensure consistency with the other indices. This index is crucial for assessing the overall economic health and predicting future economic activity within the Eurozone, influencing monetary policy decisions by the European Central Bank (ECB) and guiding business and investment strategies.

Published by
Chartered Institute of Purchasing and Supply (Choice)
Frequency
Monthly
Next Update
Hashtags
Industry PMI Euro Area

AI Data Insight

The final Eurozone Manufacturing PMI for May 2026 fell to 51.6, lower than the near four-year high of 52.2 reached in April, but still remained in the expansion zone for the fourth consecutive month. Affected by supply chain bottlenecks and rebounding inflation triggered by Middle East geopolitical conflicts, new order momentum stagnated and input costs surged. In the short term, the strength of the manufacturing recovery faces challenges, and the market will closely monitor the potential impact of cost pass-through effects on the European Central Bank's policy.

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AI Data Insight

The final Eurozone Manufacturing PMI for May 2026 fell to 51.6, lower than the near four-year high of 52.2 reached in April, but still remained in the expansion zone for the fourth consecutive month. Affected by supply chain bottlenecks and rebounding inflation triggered by Middle East geopolitical conflicts, new order momentum stagnated and input costs surged. In the short term, the strength of the manufacturing recovery faces challenges, and the market will closely monitor the potential impact of cost pass-through effects on the European Central Bank's policy.

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Description

The Eurozone Manufacturing Purchasing Managers' Index (PMI) is a vital economic indicator that measures the performance and health of the manufacturing sector within the Eurozone. Compiled by S&P Global (formerly IHS Markit), the index is based on monthly surveys of purchasing managers from around 3,000 manufacturing firms across the Eurozone.

A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. The index is typically released on the first business day of each month, providing a timely snapshot of the manufacturing sector's health across the Eurozone.

The Manufacturing PMI is composed of five key sub-indices: New Orders, Output, Employment, Suppliers' Delivery Times, and Stocks of Purchases. The Suppliers' Delivery Times index is inverted in the calculation to ensure consistency with the other indices. This index is crucial for assessing the overall economic health and predicting future economic activity within the Eurozone, influencing monetary policy decisions by the European Central Bank (ECB) and guiding business and investment strategies.

Published by
Chartered Institute of Purchasing and Supply (Choice)
Frequency
Monthly
Next Update
Hashtags
Industry PMI Euro Area