Euro Area Manufacturing Growth Slows to 3-Month Low
The S&P Global Eurozone Manufacturing PMI edged down to 52.4 in October 2026, its lowest level in three months, from 52.9 in September and below market expectations of 52.7. Manufacturing employment declined slightly following two consecutive months of growth. However, input purchasing continued to expand, with the pace accelerating to its joint-fastest in nearly four-and-a-half ...
The S&P Global Eurozone Manufacturing PMI dropped to 52.4 in October 2026, marking its lowest level in three months, according to the source. This decline occurred despite input purchasing continuing to expand, with the pace reaching its joint-fastest in nearly four-and-a-half years. This expansion was driven by precautionary stockpiling linked to the ongoing conflict in the Middle East.
Consequently, manufacturers' stockpiles of purchases increased for the first time in almost four years. However, supplier lead times lengthened significantly, marking the sharpest deterioration in four months. Input costs also rose sharply in October, with the increase being the steepest since May and surpassing the year-to-date average.
This all contributed to the S&P Global Eurozone Manufacturing PMI falling to its lowest level in three months.
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