Eurozone Manufacturing PMI Shows Significant Improvement

The Eurozone Manufacturing Purchasing Managers Index (PMI) reached 49 in April, marking a notable increase from 48.6 in March and achieving a 32-month high, according to a joint report by S&P Global and Hamburg Commercial Bank (HCOB) released on Friday.

Output Index and National Performances

The Manufacturing PMI Output Index soared to a 37-month high, climbing from 50.5 in March to 51.5 in April. Greece and Ireland led the way with the strongest manufacturing economies in April, despite employment levels contracting at faster rates and confidence hitting its lowest point in 2025.

Expert Insights on Industrial Economy

"The near stabilisation of the industrial economy was supported by a production increase in both Germany and France in April, with Italy making strides towards expansion," commented HCOB Chief Economist Cyrus de la Rubia. He also noted, "April saw manufacturers expanding their profit margins as purchasing prices decreased while selling prices rose at their fastest pace in two years. However, this trend may not persist due to potential shifts in US tariff policy affecting Chinese goods in the EU market."