20.02.202609:00:00UTC+00Eurozone Manufacturing Tips Back to Expansion as PMI Rises Above 50 in February

The eurozone’s manufacturing sector moved back into expansion territory in February 2026, as the HCOB Eurozone Manufacturing PMI climbed to 50.8, up from 49.5 in January. A reading above 50 signals growth, suggesting that industrial activity in the bloc is beginning to regain momentum.

The improvement from January’s contractionary level comes at a time when markets are closely watching the region for signs of recovery amid a challenging global backdrop. The February data, updated on 20 February 2026, indicates a shift in sentiment and output conditions across euro-area factories, potentially marking the start of a more sustained upswing in the manufacturing cycle.

While the latest reading is only modestly above the neutral 50 threshold, the move from 49.5 to 50.8 represents a notable month-on-month turnaround, hinting at gradually improving demand and operating conditions across the eurozone’s industrial base.