The IHS Markit Eurozone Composite PMI stood at 51 in January 2019, slightly better than the earlier flash estimate of 50.7 but still down from 51.1 in December. The latest reading pointed to the weakest pace of expansion in the private sector since July 2013 as service activity growth was unchanged at around four-year low and manufacturing expanded the least in over five-and-a-half years. Overall new business fell for the first time for over four years as manufacturing new work declined to the greatest degree since April 2013 while new work received by service providers was barely changed. In addition, employment growth was the weakest in 28 months and backlogs of work dropped the most since the end of 2014. On the price front, input prices and output charges continued to increase in January. Finally, business confidence remained subdued and around the lowest in four years amid international trade tensions, Brexit and ongoing political tensions. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 51.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Euro Area to stand at 52.50 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 54.00 Index Points in 2020, according to our econometric models.

Euro Area Composite PMI
Forecast Data Chart
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.69 0.86 1.62 -3.29 Index Points [+]
Manufacturing PMI 50.50 51.40 60.60 33.50 [+]
Services PMI 51.20 51.20 58.30 39.20 Index Points [+]
Composite Pmi 51.00 51.10 58.80 45.70 Index Points [+]
Industrial Production -4.20 -3.00 9.60 -21.30 percent [+]
Industrial Production Mom -0.90 -1.70 3.30 -4.00 percent [+]
Manufacturing Production -4.00 -2.90 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -20.90 -21.00 89.90 -63.70 [+]
Car Registrations 927.13 884.46 1169.19 669.00 Thousand [+]
Mining Production -7.40 -8.70 42.30 -27.80 percent [+]

Euro Area Composite PMI

In the Euro Area, the Markit Eurozone PMI Composite Output Index tracks business trends across both the manufacturing and service sectors, based on data collected from a representative panel of over 5,000 companies (60 percent from the manufacturing sector and 40 percent from the services sector). The index tracks variables such as sales, new orders, employment, inventories and prices. National data are included for Germany, France, Italy, Spain, Austria, the Netherlands, Greece and the Republic of Ireland. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining. This page provides the latest reported value for - Euro Area Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Composite PMI - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.00 51.10 58.80 45.70 2012 - 2019 Index Points Monthly

Country Last Previous
Australia 51.50 Jan/19
Brazil 52.30 Jan/19
China 50.90 Jan/19
Euro Area 51.00 Jan/19
France 48.20 Jan/19
Germany 52.10 Jan/19
India 53.60 Jan/19
Italy 48.80 Jan/19
Japan 50.90 Jan/19
Russia 53.60 Jan/19
Singapore 50.10 Jan/19
South Africa 49.60 Jan/19
United Kingdom 50.30 Jan/19
United States 54.40 Jan/19