The HCOB Eurozone Manufacturing PMI®, compiled by S&P Global, posted 45.8 during April, down from 47.3 in March and below the 50.0 no-change mark that separates growth from contraction for a tenth straight month. The headline figure also signalled the fastest deterioration in manufacturing sector conditions since May 2020, during the first wave of COVID-19 lockdowns.
Of the eight eurozone countries monitored by the survey (which account for an estimated 89% of total manufacturing activity), seven posted a sub-50.0 Manufacturing PMI reading in April. The lowest was in Austria (42.0), although this primarily reflected a considerable downward influence from the Suppliers' Delivery Times Index reaching a fresh survey high. This was also the case in Germany (44.5), the second-weakest performer in April. Greece (52.4) was the only monitored euro area constituent to see an expansion during the latest survey period.
Source: HCOB S&P Global Eurozone PMI®
Post by: Republic of Türkiye Ministry of Trade