FX.co ★ Euro Area Factory Activity Surprises on the Upside

The S&P Global Eurozone Manufacturing PMI rose to 51.4 in March 2026 from 50.8 in February, exceeding market expectations of 49.4, according to flash estimates. The data indicate a faster expansion in manufacturing activity compared with February, marking the strongest growth in 45 months. New orders continued to increase, and export demand showed signs of stabilizing. At the same time, manufacturers reported the sharpest lengthening of suppliers’ delivery times in more than three and a half years, highlighting ongoing supply chain disruptions linked to the war.