Eurozone manufacturing activity expanded in August for the first time since mid-2022, driven by stronger domestic demand and increased production, according to survey data released Monday.
The HCOB Eurozone Manufacturing PMI climbed to 50.7, up from 49.8 in July and slightly above the preliminary estimate of 50.5. This represents the highest reading in over three years and marks the first time the index has surpassed the 50.0 growth threshold since June 2022.
The return to expansion signals a potential positive shift in momentum for the bloc’s manufacturing sector after more than two years of contraction. Respondents to the survey pointed to rising domestic orders and a rebound in output as key factors behind the improvement, boosting optimism about future activity.
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