Eurozone Manufacturing Growth Unchanged in September
The S&P Global Eurozone Manufacturing PMI remained unchanged at 52.7 in September 2026, slightly exceeding the market expectation of 52.6, according to flash data. Manufacturing output also remained strong, with the Output Index rising to 53.4 from 53.3, its highest level in 55 months. Growth was supported by a renewed increase in new export orders, ...
The latest S&P Global Eurozone Manufacturing PMI report revealed that manufacturing growth remained unchanged in September 2026, settling at 52.7, marginally surpassing the anticipated 52.6, as per flash data. Output within the manufacturing sector continued to thrive, with the Output Index attaining 53.4 from 53.3, marking its peak in 55 months.
This growth was primarily fueled by an uptick in new export orders, while employment remained relatively stagnant. Companies also ramped up their purchasing activity for the second month in a row, albeit at a slower rate. The surge in input purchases enabled firms to sustain pre-production inventories largely steady, putting an end to a decline that had been ongoing since February 2023; similarly, stocks of finished goods remained unaltered.
However, the lengthening of supplier delivery times marked a return to a trend not seen since February. Concurrently, input cost inflation intensified, and output prices escalated at a swifter pace. Business confidence took a hit, with manufacturers expressing diminished optimism regarding the forthcoming year.
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