Highlights• NMME precipitation and temperature forecast skill are assessed across Europe• The forecasting skill of five weighted multi-models is compared• Equal model weighting preserves forecast skill, but with considerable biases• Bayesian updating reduces conditional biases and homogenizes the skill PCA approaches reduce the unconditional biases and negative skill in the forecasts considerably, but they can also sometimes diminish the positive skill in the original forecasts. The BU-PCA models tend to produce lower conditional biases than the BU models and have more homogeneous skill than the other multi-models, but with some loss of skill. The use of 94 NMME model members does not present significant benefits over the use of the 8 single model ensembles. These findings may provide valuable insights for the development of skillful, operational multi-model forecasting systems.