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, escalating from 50.5 in March to 51.5 in April. Greece and Ireland emerged as the top performers in the Eurozone's manufacturing sector during April, as per national PMI survey data. Despite employment levels contracting at faster rates, the report highlighted that "confidence was the weakest in 2025 so far."

Expert Insights on Industrial Economy

"The near stabilisation of the industrial economy was supported by a production resurgence in Germany and France in April, with Italy striving to re-enter expansion territory," commented HCOB Chief Economist Cyrus de la Rubia. He also noted, "Manufacturers successfully expanded their profit margins in April, benefiting from falling purchasing prices and rising selling prices at the fastest pace in two years. However, this trend may not persist due to potential shifts in US tariff policy, which could increase the availability of Chinese goods in the EU and heighten competition."