POST Online Media Lite Edition


Eurozone manufacturing growth remains subdued at start of Q3

Staff Writer |
The performance of the euro area manufacturing sector remained subdued at the start of the third quarter.

Article continues below

Although the final IHS Markit Eurozone Manufacturing PMI posted 55.1 in July, unchanged from the earlier flash estimate, this was only a minor recovery from June’s 18-month low of 54.9 and over five points below the record high registered at the end of 2017.

Sector data signalled that business conditions improved across the consumer, intermediate and investment goods sectors, with mild growth upticks signalled in the latter two.

Similar to the trend at the all-manufacturing level, rates of expansion were weaker than at the turn of the year in all three subindustries.

July saw the Netherlands, Germany and Austria remain the strongest-performing nations.

Growth improved slightly in the latter two, but eased to a 14- month low in the Netherlands.

Rates of expansion also slowed in Italy, Spain and Ireland, whereas an acceleration was registered in France.

Eurozone manufacturing output increased again in July.

Despite a mild improvement, the rate of expansion was the second-weakest since November 2016.

The more subdued trend in output growth in recent months reflects a concurrent slowdown in the pace of increase in new orders.

The latest rise in new business was identical to the 22-month growth low registered in June.

Inflows of new work have been stymied recently by a weakening trend in the pace of increase in new export orders, amid uncertainty about the economic outlook and worries about tariffs and trade wars.

July saw new export business increase at the slowest pace since August 2016.

Weaker growth was seen in Italy, the Netherlands, Greece and Ireland, while France and Austria saw exports decline.

Although Germany and Spain saw improved expansions, these were much weaker than those registered at the start of the year.

Work-in-hand (but not yet completed) continued to increase in July, although the pace of expansion eased to its weakest for two years.

Companies responded to the ongoing pressure on capacity by increasing employment, with staffing levels rising for the forty-seventh successive month.

All of the nations covered by the survey registered an increase in employment during July.

Similar to the trend in output growth, the fastest job creation was recorded in Austria, the Netherlands and Germany.

Only France, Austria and Greece saw staffing levels rise at quicker rates than in June.

Price pressures remained elevated in July, with input costs and output charges both rising at above survey-average rates.

That said, purchase price inflation was slightly weaker than in June, while the increase in output charges was the least marked since September 2017.

Increases in input costs were linked to tariffs, trade wars, supply-chain delays and raw material shortages.

Business optimism about future business conditions improved slightly, as companies retained confidence that output levels would be higher in one year’s time.

However, the overall degree of positive sentiment remained among the lowest seen over the past two years.

Business confidence improved in Germany, France, Italy and the Netherlands.

What to read next

Eurozone manufacturing PMI in line with flash estimate
Eurozone manufacturing growth slows in January
Eurozone manufacturing PMI ticks higher in October

Excessive rainfall in Carolinas and southern Rockies; dangerous heat returned to western U.S.

A cool air mass arriving from central Canada is bringing a welcome relief to the heat and humidity into the northeastern quadrant of the country today.


U.S. oil rig count rose this week
Matcha launches EV charging at Brooklyn Army Terminal
Telin and BW Digital to enhance DC-to-DC connectivity with new Indonesia - Singapore cable
First major windfarm in U.S. shut after incident


Microsoft outage causes businesses from America to Australia to stop working

U.S. Senator Bob Menendez found guilty in corruption case
Heavy rainfall along U.S. eastern seaboard; dangerous heat wave shifting
U.S.: Dangerous heatwave
Severe thunderstorms across portions of U.S. Central Plains and Mississippi Valley; heat continues in Southern Plains
New Delhi airport roof collapses under heavy rain


EIB: New agreement to provide additional €2bn to reconstruction of areas hit by central Italian earthquake

Los Angeles to begin work on film sound stage and production studio campus
U.S. drillers cut oil and gas rigs to 584
Scotland secured record inward investment in 2023
Chinese seaport cities register soaring output of port economy in 2023
U.S. bankruptcies in June hit record high since 2020

Trending Now

Matcha launches EV charging at Brooklyn Army Terminal

Telin and BW Digital to enhance DC-to-DC connectivity with new Indonesia - Singapore cable

E.ON and MAN Truck & Bus partner to establish Europe’s largest public charging network for electric trucks

Excessive rainfall in Carolinas and southern Rockies; dangerous heat returned to western U.S.


Slovenia considers diversifying its natural gas supply by importing from Azerbaijan

EU to invest record 7 bln euros into sustainable transport infrastructure
Attorney General Ken Paxton stops Biden’s ban on liquified natural gas exports
Germany to cut Huawei, ZTE parts in 5G network from 2026
North Macedonia to take 500 million euros loan from Hungary
Under Secretary Fernandez travels to Japan and Indonesia

Today We Recommend

EU to invest record 7 bln euros into sustainable transport infrastructure


EssilorLuxottica to buy Supreme Brand for $1.5 billion

Darden Restaurants to acquire Chuy's Holdings, Inc. in approximately $605 million transaction

Ericsson Q2 sales down but North America up


UK: Ford white collar dispute worsens as over 1,200 office staff ballot for strike

EssilorLuxottica to buy Supreme Brand for $1.5 billion
E.ON and MAN Truck & Bus partner to establish Europe’s largest public charging network for electric trucks
Darden Restaurants to acquire Chuy's Holdings, Inc. in approximately $605 million transaction
Major funding secured for RWE’s hydrogen projects in Germany
APM Terminals Suape advances sustainable port operations with major investment in all-electric handling equipment


Africa Finance Corporation appoints executive director, financial services

Lindemann Metal Recycling: Markus Tandel named head of procurement and aftermarket
Travis Leonard joins Lockton as CFO
African Development Bank appoints director of statistics department
Azentio expands its leadership team with two new appointments
Afreximbank announces board changes


Eurozone reports modest Q1 GDP growth, stable annual inflation

Italy sees faster economic growth in Q1
Slovenia's economy expected to grow 0.9 pct in Q1
Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany


Ericsson Q2 sales down but North America up

Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million


Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?


Hong Kong suspends import of poultry meat, products from some areas in U.S.

Mozambican farmers to get $2 million fertilizer financing boost
Canada and Alberta supporting Alberta Beef Producers
EU allocates €77 million in emergency support to farmers in Austria, Czechia, Poland and Portugal
Brazil opened its market for Australian mutton and lamb
Hong Kong suspends import of poultry meat and products from areas in Australia and U.S.


Study finds workers misjudge wage markets

Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value


Italy issues $6.4 million fine over Chinese cars badged as Italian

EU Commission fines Mondelēz €337.5 million for cross-border trade restrictions
HSBC pays penalties for alleged breaches of Consumer Data Right rules
Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts



Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan


Citroën C3 Aircross, the most affordable compact SUV with 7 seats

2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric


Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design


MESA/Boogie Celebrates 40-year partnership with John Petrucci

reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players


New Alzheimer's treatment approved by FDA

UK introduced new pregnancy prevention measures for topiramate (Topamax)
UK: People with HIV can now donate eggs or sperm to start family
EU health watchdog urges vaccinations to stem surge in Whooping Cough cases
Brazil resumes insulin production after two decades
India launches first home-grown gene therapy for cancer


Exoplanet-hunting telescope to begin search for another Earth in 2026

India to build first phase of its own space station by 2028
Roscosmos chief approves schedule of creating Russian orbital station through 2033
Potentially habitable 'exo-Venus' with Earth-like temperature discovered
Rare species of wild bees discovered in Berlin
SLAC completes construction of largest digital camera ever built for astronomy