Euro Area Manufacturing PMI Highest in 26 Months
The HCOB Eurozone Manufacturing PMI climbed to 48.7 in March 2025, the highest in 26 months, up from 47.6 in February and exceeding forecasts of 48.2, preliminary data showed. Manufacturing output expanded for the first time in two years and at the fastest pace since May 2022. Despite this improvement, new orders continued to decline, though job cuts in the sector slowed. Input costs rose at a subdued rate but marked their sharpest increase since last August, while output prices climbed for the first time in seven months. Signs of recovery led to a slower pullback in purchasing activity, with the weakest drop in input buying since August 2022. Stocks of both raw materials and finished goods declined further. Meanwhile, supplier delivery times improved for the second consecutive month, reaching their best level in nine months. However, business confidence in the manufacturing sector showed signs of weakening.
Source: Trading Economnics
