The S&P Global Eurozone Manufacturing PMI declined to 51.4 in June 2026 from 51.6 in May, broadly aligning with the preliminary estimate of 51.3. Despite the slight slowdown, the sector has now remained in expansion territory for a fifth consecutive month, rounding off the strongest calendar quarter for euro area manufacturing production since the first months of 2022. This growth helps counterbalance the recent downturn observed in the services economy. In June, output growth picked up from May’s four-month low, although new orders saw only a marginal increase and employment continued to fall. Supplier capacity remained under pressure due to the ongoing Middle East conflict. Meanwhile, both input and output cost inflation moderated from multi-year highs, and business confidence climbed to a four-month high. source: S&P Global

Manufacturing PMI In the Euro Area decreased to 51.40 points in June from 51.60 points in May of 2026. Manufacturing PMI in Euro Area averaged 50.67 points from 2007 until 2026, 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.

Manufacturing PMI In the Euro Area decreased to 51.40 points in June from 51.60 points in May of 2026. Manufacturing PMI in Euro Area is expected to be 50.10 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 52.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies QoQ 0.40 2.60 percent Mar 2026
Business Confidence -0.38 -0.27 points Jun 2026
Capacity Utilization 78.50 77.60 percent Jun 2026
Car Registrations 801936.60 797368.40 Units May 2026
Changes in Inventories 27.65 34.97 EUR Billion Mar 2026
Industrial Production YoY 0.30 -2.80 percent Apr 2026
Industrial Production MoM 0.10 0.40 percent Apr 2026
Industrial Sentiment -7.70 -7.90 points Jun 2026
Manufacturing Production 0.30 -3.00 percent Apr 2026
Mining Production -4.10 -1.00 percent Apr 2026
Services Sentiment 3.20 2.60 points Jun 2026
ZEW Economic Sentiment Index 9.50 -9.10 points Jun 2026


Euro Area Manufacturing PMI
The S&P Global 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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Eurozone Manufacturing Expansion Slows in June
The S&P Global Eurozone Manufacturing PMI declined to 51.4 in June 2026 from 51.6 in May, broadly aligning with the preliminary estimate of 51.3. Despite the slight slowdown, the sector has now remained in expansion territory for a fifth consecutive month, rounding off the strongest calendar quarter for euro area manufacturing production since the first months of 2022. This growth helps counterbalance the recent downturn observed in the services economy. In June, output growth picked up from May’s four-month low, although new orders saw only a marginal increase and employment continued to fall. Supplier capacity remained under pressure due to the ongoing Middle East conflict. Meanwhile, both input and output cost inflation moderated from multi-year highs, and business confidence climbed to a four-month high.
2026-07-01
Eurozone Manufacturing Growth Slows Again
The S&P Global Eurozone Manufacturing PMI edged down to 51.3 in June 2026 from 51.6 in May, slightly below market expectations of 51.6, preliminary data showed. The sector remained in expansion for a fifth consecutive month, but growth slowed for a second month, as supply chain disruptions linked to the Middle East conflict still weighed on activity. The sector continued to benefit from inventory building as customers bought ahead of expected price rises and possible supply issues, supporting demand. New orders rebounded marginally. Meanwhile, employment continued to decline, and business sentiment remained weak. On the price front, input costs continued to rise rapidly, but the rate of inflation slowed. Selling prices also moderated, although less than input costs.
2026-06-23
Eurozone Manufacturing Growth Slows Amid Rising Costs
The S&P Global Eurozone Manufacturing PMI fell to 51.6 in May 2026, down from April’s near four-year high of 52.2 but slightly above the preliminary estimate of 51.4. While the sector expanded for a fourth consecutive month, growth is faltering under the strain of soaring prices and supply chain disruptions tied to the Middle East conflict. A notable outlier was the suppliers’ delivery times index, which, despite signaling the worst delays since June 2022, positively contributed to the headline PMI, as longer lead times historically correlate with higher manufacturing activity. However, new orders stagnated, production growth slowed, and input prices and output charges surged to four-year and three-and-a-half-year highs, respectively. Employment continued to decline, and business optimism remained subdued.
2026-06-01