European Manufacturing PMI
The manufacturing PMI of the eight major economies in the euro area, juxtaposed with the index for the bloc as a whole, highlights which countries are driving its strength or weakness.
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | |
|---|---|---|---|---|---|---|---|
| Euro area | 52.7 | 51.9 | 51.4 | 51.6 | |||
| Germany | 54.1 | 52.2 | 50.3 | 50.1 | |||
| France | 51.5 | 49.8 | 51.2 | ||||
| Italy | 49.6 | 51.3 | 52.2 | 52.9 | 52.1 | ||
| Spain | 49.5 | 50.2 | 49.7 | 51.2 | 51.7 | 48.7 | |
| Netherlands | 53.8 | 54.4 | 55.5 | 55.9 | 54.4 | 52 | |
| Ireland | 55.4 | 55.1 | 54.9 | 55.9 | 54.9 | ||
| Greece | 54.3 | 53.8 | 53.3 | 52.4 | |||
| Austria | 54.4 | 51.5 | 50.9 | 51.7 | 51.2 | 52.4 |
Latest reading
Germany stood at 54.1 in Aug 2026. That is +3.6% from Jul 2026. The series on this page is monthly and runs from May 2026 to Aug 2026. Source: S&P Global / HCOB via TradingEconomics.
- Latest
- 54.1
- Aug 2026
- vs previous period
- +3.6%
- Jul 2026
About this data
The manufacturing PMI of the eight major economies in the euro area, juxtaposed with the index for the bloc as a whole, highlights which countries are driving its strength or weakness. This table addresses the question of which nations are weighing down the bloc: German industry accounts for the largest share, meaning the German PMI largely dictates the direction of the region-wide index, whereas Ireland and Spain experience more pronounced volatility due to their smaller size and high trade openness. The 50-point mark separates expansion from contraction. For series length, refer to the notes in the European PMI table: as free sources for historical PMI data are unavailable, the table builds progressively from July 2026. Source: S&P Global / HCOB, compiled via TradingEconomics.
