The HCOB Eurozone Manufacturing PMI rose to 50 in October 2025 from 49.8 in September, surpassing expectations of 49.5 and signaling stabilization in the sector. Output expanded for the eighth consecutive month, with growth slightly faster than in September, while new orders broadly steadied after a prior decline. However, employment fell at the sharpest rate in four months, and backlogs continued to shrink modestly. Input costs rose marginally, leading manufacturers to raise selling prices for the first time in six months. Purchasing activity and input inventories were reduced again, though at a slower pace, while finished goods stocks declined more quickly. Supplier delivery times lengthened notably, with the worst delays in three years, though still milder than during the pandemic period. Overall, sentiment weakened, with manufacturers showing less optimism about future output despite signs of stabilization in current activity.