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.

However, input purchasing continued to expand, with the pace accelerating to its joint-fastest in nearly four-and-a-half years, matching the rate recorded in April amid precautionary stockpiling linked to the ongoing conflict in the Middle East. As a result, manufacturers’ stocks of purchases increased for the first time in almost four years.

Meanwhile, supplier lead times lengthened significantly, marking the sharpest deterioration in four months. On the price front, input costs rose sharply in October, driven by higher energy, fuel, and transportation costs.

The increase was the steepest since May and exceeded the year-to-date average. Source: Trading Economics

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