Eurozone Manufacturing PMI Falls to 51.6 in May

Created at 1 Jun · 08:07 UTC3 sources↑ Market-relevant3 events

IN SHORT

The Eurozone's manufacturing Purchasing Managers' Index (PMI) decreased to 51.6 in May, down from 52.2 in the previous month. This figure surpassed the preliminary estimate, indicating a slight slowdown in manufacturing activity.

Key Numbers

51.6Eurozone May manufacturing PMI

52.2Eurozone April manufacturing PMI

Who's Involved

Eurozone

region reporting manufacturing PMI data

Key facts

Eurozone manufacturing PMI fell to 51.6 in May.
The previous month's PMI was 52.2.
The May figure exceeded the preliminary estimate.

The Manufacturing PMI is a key indicator of the economic health of the manufacturing sector. A reading above 50 indicates expansion, while a reading below 50 indicates contraction. The Eurozone's manufacturing sector is a significant component of its overall economic output.

↳ Why This Matters

FREQUENTLY ASKED

The Eurozone Manufacturing PMI is a survey-based index that measures the economic health of the manufacturing sector in the Eurozone. It is a key indicator of economic activity.

A reading of 51.6 indicates that the manufacturing sector is still expanding, but at a slower pace than the previous month's reading of 52.2.

The final May figure of 51.6 was better than the preliminary estimate, suggesting the slowdown was not as severe as initially anticipated.

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Cadence

CME Headlines

Key facts

Eurozone manufacturing PMI fell to 51.6 in May.

The previous month's PMI was 52.2.

The May figure exceeded the preliminary estimate.

Eurozone Manufacturing PMI Falls to 51.6 in May

PiQ Daily

Key facts

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Eurozone Manufacturing PMI Falls to 51.6 in May

PiQ Daily

Key facts

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