Eurozone Manufacturing PMI Shows Significant Improvement

The Eurozone Manufacturing Purchasing Managers Index (PMI) reached 49 in April, marking a notable increase from March's 48.6 and achieving a 32-month high, as reported by S&P Global and Hamburg Commercial Bank (HCOB).

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 emerged as the top performers in the Eurozone's manufacturing sector during this period.

Employment and Economic Confidence

Despite the positive trends, employment levels saw a contraction at faster rates, and confidence among manufacturers was noted as the weakest in 2025 so far.

Expert Insights

"The near stabilization of the industrial economy was supported by a production increase in Germany and France, with Italy making strides towards expansion," commented HCOB Chief Economist Cyrus de la Rubia. He also highlighted the temporary nature of profit margin expansions due to potential shifts in US tariff policies affecting Chinese goods in the EU.