Eurozone Manufacturing PMI on the Rise

The Eurozone's Manufacturing Purchasing Managers' Index (PMI) has shown a promising increase, reaching 49 in April from 48.6 in March, marking a 32-month high, according to a recent report by S&P Global and Hamburg Commercial Bank (HCOB).

Output Index Hits New Heights

The Manufacturing PMI Output Index also saw significant growth, climbing to 51.5 in April from 50.5 in March, achieving a 37-month high. Notably, Greece and Ireland's manufacturing sectors led the way in performance during April.

Employment and Confidence Levels

While employment levels continued to contract, the rate of decline has slowed. However, confidence among manufacturers has dipped to its lowest level so far in 2025.

Expert Insights

"The industrial economy's near stabilization was bolstered by increased production in Germany and France, with Italy making strides towards expansion," noted HCOB Chief Economist Cyrus de la Rubia. He also highlighted a temporary boost in profit margins due to falling purchasing prices and rising selling prices, though he cautioned that this trend may not last due to potential shifts in US tariff policies affecting Chinese goods in the EU market.