Eurozone flash Manufacturing PMI rises unexpectedly faster-than-estimates to 52.8 in August
Preliminary HCOB Manufacturing Purchasing Managers’ Index (PMI) in the Eurozone expands at a surprisingly faster pace to 52.8 in August from 51.9 in July. Manufacturing activity was anticipated to expand but at a moderate pace to 51.8.
Economic Indicator
HCOB Manufacturing PMI
The Manufacturing Purchasing Managers Index (PMI), released on a monthly basis by S&P Global and Hamburg Commercial Bank (HCOB), is a leading indicator gauging business activity in the Eurozone manufacturing sector. The data is derived from surveys of senior executives at private-sector companies from the manufacturing sector. Survey responses reflect the change, if any, in the current month compared to the previous month and can anticipate changing trends in official data series such as Gross Domestic Product (GDP), industrial production, employment and inflation. The index varies between 0 and 100, with levels of 50.0 signaling no change over the previous month. A reading above 50 indicates that the manufacturing economy is generally expanding, a bullish sign for the Euro (EUR). Meanwhile, a reading below 50 signals that activity among goods producers is generally declining, which is seen as bearish for EUR.
Last release: Fri Aug 21, 2026 08:00 (Prel)
Frequency: Monthly
Actual: 52.8
Consensus: 51.8
Previous: 51.9
Source: S&P Global
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