Eurozone Manufacturing PMI on the Rise

The Eurozone Manufacturing Purchasing Managers Index (PMI) has shown a significant improvement, standing at 49 in April, up from 48.6 in March. This marks a 32-month high, as reported by S&P Global and Hamburg Commercial Bank (HCOB) on Friday.

Output Index Hits New Highs

The Manufacturing PMI Output Index reached a 37-month high, climbing from 50.5 in March to 51.5 in April. Notably, Greece and Ireland led the way with the best performance in their manufacturing economies during April.

Employment and Confidence Levels

While employment levels saw a contraction at faster rates, the report highlighted that "confidence was the weakest in 2025 so far."

Industrial Economy Stabilization

"The near stabilization of the industrial economy was helped by a production pick-up in both Germany and France in April, and Italy is fighting its way back into expansion territory," explained HCOB Chief Economist Cyrus de la Rubia.

Profit Margins and Future Challenges

Manufacturers managed to expand their profit margins in April, thanks to falling purchasing prices and rising selling prices at their fastest pace in two years. However, de la Rubia cautioned, "This is unlikely to continue, however, as US tariff policy is likely to see Chinese goods being offered more widely in the EU, intensifying competition."