In June 2025, the HCOB Flash Eurozone Manufacturing PMI remained at 49.4, mirroring May's figure and falling short of the expected 49.8, indicating that the manufacturing sector's contraction continued at a steady rate. Output did increase for the fourth straight month, but the growth rate reached its lowest in three months. Significantly, new orders stabilized, halting a decline that extended for just over three years. However, employment in the sector witnessed a notable reduction, and manufacturers persisted in curtailing their purchasing activities, though the rate of decline was slight and one of the least severe in the past three years. On the pricing aspects, input costs decreased for the third consecutive month, while output prices were reduced for the second month running. Furthermore, business confidence experienced a slight decline from the 39-month high observed in May.