Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone S&P Global Manufacturing PMI fell to 52.4 Points in October 2026
FMPMonthlyReleased October 2026
Eurozone S&P Global Manufacturing PMI fell to 52.4 Points in October 2026, down 0.5 Points from September's 52.9 Points reading. The reading matched the 52.7 Points consensus. Over the past 3 months, S&P Global Manufacturing PMI averaged 52.6 Points, vs 51.7 Points in the prior 3-month window. The reading is in the 68th percentile of the trailing 24-month range.
Latest Release
52.4
Actual
52.7
Consensus
52.9
Previous
Median Absolute Error
±0.36
across last 12 releases
Last Call
Oct 2026
Predicted: 52.81
Actual: 52.4
Error: +0.41
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.49 | COMMODITIES | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.42 | FOREX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.39 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.37 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.36 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (European Union) was reported at 52.40 Points in September 2026. This missed the market consensus of 52.70 Points by 0.30 Points. The reading fell from the previous value of 52.90 Points. Over the past 12 months, the indicator has averaged 52.06 Points, ranging from 51.30 Points to 52.90 Points across 12 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 52.67 Points, up from the prior three at 52.47 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with EUR/JPY, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.36 Points.
WHAT TO WATCH NEXT
The next release is scheduled for November 23, 2026. Same-country events in the next 14 days include CFTC EUR speculative net positions (Oct 30) and Inflation Rate YoY (Nov 4).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
S&P Global Manufacturing PMI - EU
Loading chart data...
About S&P Global Manufacturing PMI — European Union
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 52.4 Points, consensus 52.7 Points. Prior reading (Sep 2026): 52.9 Points. Before that (Sep 2026): 52.7 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.49) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - EU Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | EU | Industrial Sentiment | -3.4 | -3.9 | -3.8 | -3.60 | Low |
| 10:00 | EU | Consumer Inflation Expectation | 33.9 | 34.7 | 38 | 35.95 | Low |
| 10:00 | EU | Selling Price Expectations | 24.8 | 20.8 | 22 | 23.40 | Low |
| 10:00 | EU | Services Sentiment | 5.3 | 5.9 | 5.9 | 5.60 | Low |
| 10:00 | EU | Economic Sentiment | 96.9 | 97.5 | 97.5 | 97.20 | Medium |
| 10:00 | EU | Consumer Confidence | -17.9 | -16.8 | -17.9 | -17.90 | Low |
| 13:15 | EU | Deposit Facility Rate | 2.5 | 2.5 | 2.5 | 2.50 | High |
| 13:15 | EU | Interest Rate Decision | 2.65 | 2.65 | 2.65 | 2.65 | High |
| 13:15 | EU | Marginal Lending Rate | 2.9 | 2.9 | 2.9 | 2.90 | Low |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | EU | GDP Growth Rate QoQ | 0.4 | 0.6 | 0.2 | 0.30 | High |