PMI euroland
The growth rate of the eurozone manufacturing sector continued to improve in June. This was highlighted by the final seasonally adjusted Eurozone Manufacturing PMI® rising for the second month running to reach 52.5, its highest reading since April 2014. The June final reading was in line with the earlier flash estimate.
The performance of the manufacturing sector also made progress during the second quarter as a whole, with the average readings for the headline PMI and the indices tracking both output and new orders all at their highest levels since Q2 2014. June saw the Netherlands rise to the top of the PMI growth league table, pushing Ireland into second position. Spain and Italy also continued to register solid expansions, albeit at slower rates than in the prior month.
Countries ranked by Manufacturing PMI® : June Netherlands 56.2 18-month high Ireland 54.6 16-month low Spain 54.5 2-month low Italy 54.1 2-month low Germany 51.9 (flash: 51.9) 2-month high Austria 51.2 14-month high France 50.7 (flash: 50.5) 14-month high Greece 46.9 2-month low
