Markit European Union Manufacturing Purchasing Managers Index (PMI)

Country:
European Union
EUR, Euro
Source:
Sector:
Business
Medium 58.7 61.6
61.4
Last release Importance Actual Forecast
Previous
58.7
58.7
Next release Actual Forecast
Previous
  • Overview
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Markit Manufacturing PMI is an indicator of changes in business conditions in the eurozone's manufacturing sector in the specified month. The indicator is based on monthly surveys of purchasing managers working in private companies of the manufacturing sector.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Purchasing managers are among the first to notice such changes. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the country.

Purchasing managers complete a questionnaire, in which they assess the basic parameters of their work:

  • Production output
  • New orders
  • Backlogs
  • Prices paid (for materials, services and goods purchased in the production process)
  • Prices received
  • Suppliers' delivery times
  • Inventories
  • Employment
  • Near-term productivity outlook

The survey participants provide relative estimates: whether figures have increased, decreased or remain unchanged. Individual subindexes are calculated based on these answers. These subindexes characterize inflation, employment and other key indicators of economic activity.

The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering the entire manufacturing sector. It is interpreted as a leading indicator of production and inflation. Manufacturing PMI growth is an indication of favorable market conditions and can be seen as positive for euro quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit European Union Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Sep 2021 prelim.
58.7
61.6
61.4
Aug 2021
61.4
61.5
61.5
Aug 2021 prelim.
61.5
62.9
62.8
Jul 2021
62.8
62.6
62.6
Jul 2021 prelim.
62.6
63.4
63.4
Jun 2021
63.4
63.1
63.1
Jun 2021 prelim.
63.1
63.1
63.1
May 2021
63.1
62.8
62.8
May 2021 prelim.
62.8
63.2
62.9
Apr 2021
62.9
63.3
63.3
Apr 2021 prelim.
63.3
62.6
62.5
Mar 2021
62.5
62.4
62.4
Mar 2021 prelim.
62.4
57.9
57.9
Feb 2021
57.9
57.7
57.7
Feb 2021 prelim.
57.7
54.8
54.8
Jan 2021
54.8
54.7
54.7
Jan 2021 prelim.
54.7
55.4
55.2
Dec 2020
55.2
55.5
55.5
Dec 2020 prelim.
55.5
53.8
53.8
Nov 2020
53.8
53.6
53.6
Nov 2020 prelim.
53.6
54.7
54.8
Oct 2020
54.8
54.4
54.4
Oct 2020 prelim.
54.4
53.8
53.7
Sep 2020
53.7
53.7
53.7
Sep 2020 prelim.
53.7
51.7
51.7
Aug 2020
51.7
51.7
51.7
Aug 2020 prelim.
51.7
51.5
51.8
Jul 2020
51.8
51.1
51.1
Jul 2020 prelim.
51.1
47.1
47.4
Jun 2020
47.4
46.9
46.9
Jun 2020 prelim.
46.9
47.9
39.4
May 2020
39.4
39.5
39.5
May 2020 prelim.
39.5
24.8
33.4
Apr 2020
33.4
33.6
33.6
Apr 2020 prelim.
33.6
41.9
44.5
Mar 2020
44.5
44.8
44.8
Mar 2020 prelim.
44.8
49.9
49.2
Feb 2020
49.2
49.1
49.1
Feb 2020 prelim.
49.1
49.1
47.9
Jan 2020
47.9
47.8
47.8
Jan 2020 prelim.
47.8
45.1
46.3
Dec 2019
46.3
45.9
45.9
Dec 2019 prelim.
45.9
47.4
46.9
Nov 2019
46.9
46.6
46.6
Nov 2019 prelim.
46.6
45.9
45.9
Oct 2019
45.9
45.7
45.7
Oct 2019 prelim.
45.7
45.0
45.7
Sep 2019
45.7
45.6
45.6
Sep 2019 prelim.
45.6
47.3
47.0
Aug 2019
47.0
47.0
47.0

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