BUZ INVESTORS Euro Area Manufacturing PM The Markit Eurozone Manufacturing PMI rose to 56.8 in April of 2017 from 56.2 in March, beating market expectations of 56, flash estimates showed. It is the highest reading since April of 2011 as new order growth was the strongest since March of 2011, boosted by exports and employment rose the most since 2000. Price pressures remained elevated. In addition, optimism about the outlook also improved. Manufacturing PMI in the Euro Area averaged 50.35 from 2007 until 2017, reaching an all time high of 59 in February of 2011 and a record low of 33.50 in February of 2009. Manufacturing PMI in the Euro Area is reported by Markit 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.
Euro Area Manufacturing PM
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. 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.