The final reading for May shows modest growth in factory activity, exceeding the preliminary estimate and signaling resilience in the sector.
Eurozone manufacturing activity expanded slightly more than initially estimated in May, with the final Purchasing Managers’ Index revised up to 51.6 from a preliminary 51.4. The reading marks the third consecutive month of growth, though the pace remains subdued amid persistent economic challenges.
The final print follows April’s 51.9 and a consensus forecast of 51.4. While input price inflation eased, output growth slowed, reflecting ongoing pressures on supply chains and demand. The data suggests a fragile recovery in the bloc’s industrial sector.
Markets are closely watching for signs of sustained momentum as the European Central Bank prepares for its next policy decision.