PMI Shows Growth Amid Economic Uncertainty

The PCI-PMI Transparency Platform reveals a significant increase in energy infrastructure projects amid rising inflation and economic uncertainty. CINEA published the latest project data from the second Union list of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) on April 29, 2026.

The list includes 235 new projects, comprising 113 electricity projects, 100 hydrogen projects, and 17 CO2 network projects. These initiatives will benefit from streamlined permit-granting procedures and regulatory support. They are also eligible to apply for EU funding under the CEF Energy programme.

The call for applications will open on April 30, 2026, with a deadline set for the end of September 2026. This initiative aligns with the EU’s goals for decarbonisation and cross-border energy infrastructure development.

Yet, economic challenges persist. Output price inflation reached its highest level in 37 months despite a slowdown in growth. The composite PMI fell into contraction for the first time since May 2025.

In Germany, the manufacturing sector saw output and new orders edge higher. However, there are warning signs of potential contraction. “The recovery in the German economy has been stopped in its tracks by the war in the Middle East,” an agency noted.

Christine Lagarde emphasized that uncertainty about inflation expectations complicates monetary policy decisions. She stated that gathering more information is essential before making firm conclusions regarding interest rates.

This context underlines the importance of these new energy infrastructure projects as they may help stabilize energy prices during this period of economic slowdown.