The IHS Markit Eurozone Composite PMI went up to 30.5 in May 2020 from 13.6 in April and beating market consensus of 25, a preliminary estimate showed. The latest reading pointed to the third sharpest contraction in the private sector since series began, as the coronavirus pandemic continued to have a severe impact on the economy. Both manufacturing output and services activities shrank at a softer pace. The job shedding rate eased modestly compared to April’s record and backlogs of work dropped at the fastest pace on record. New orders fell to the third-greatest extent ever seen by the surveys. On the price front, input costs decreased markedly and average prices charged for goods and services declined for a third successive month as companies offered discounts to help stimulate sales. Looking by region, output fell less across France and Germany, as well as collectively across the rest of the region, from the unprecedented downturns seen in April. Lastly, sentiment remained weak.

Composite Pmi in the Euro Area averaged 51.69 points from 2012 until 2020, reaching an all time high of 58.80 points in January of 2018 and a record low of 13.60 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Markit Economics

Composite Pmi in Euro Area is expected to be 41.00 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 50.60 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 51.00 points in 2021 and 53.70 points in 2022, according to our econometric models.

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Euro Area Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
30.50 13.60 58.80 13.60 2012 - 2020 points Monthly


News Stream
Eurozone Composite PMI Beats Forecasts
The IHS Markit Eurozone Composite PMI went up to 30.5 in May 2020 from 13.6 in April and beating market consensus of 25, a preliminary estimate showed. The latest reading pointed to the third sharpest contraction in the private sector since series began, as the coronavirus pandemic continued to have a severe impact on the economy. Both manufacturing output and services activities shrank at a softer pace. The job shedding rate eased modestly compared to April’s record and backlogs of work dropped at the fastest pace on record. New orders fell to the third-greatest extent ever seen by the surveys. On the price front, input costs decreased markedly and average prices charged for goods and services declined for a third successive month as companies offered discounts to help stimulate sales. Looking by region, output fell less across France and Germany, as well as collectively across the rest of the region, from the unprecedented downturns seen in April. Lastly, sentiment remained weak.
2020-05-21
Eurozone Composite PMI Lowest on Record
The IHS Markit Eurozone Composite PMI was revised slightly higher to 13.6 in April 2020, little-changed from a preliminary estimate of 13.5 and the lowest since the series began 22 years ago, as the coronavirus pandemic continued to have a severe impact on the bloc's private sector economy. Both the manufacturing and services economies recorded record falls in output. New business, backlogs of work and employment all declined at a record pace.
2020-05-06
Eurozone Composite PMI Lowest on Record
The IHS Markit Eurozone Composite PMI plummeted to an all-time low of 13.5 in April 2020 from 29.7 in the previous month, well below market forecasts of 25.7, a preliminary estimate showed. The bloc's economy suffered the steepest falls in business activity and employment ever recorded, as the Covid-19 pandemic forced governments across the region to impose strict measures to contain the outbreak.
2020-04-23
Eurozone Private Sector Suffers Record Fall in Activity
The IHS Markit Eurozone Composite PMI was revised lower to an all-time low of 29.7 in March 2020 from a preliminary estimate of 31.4 and below the previous month's reading of 51.6. Both service and manufacturing sectors saw sharp declines in output as the Covid-19 pandemic impacted heavily on the bloc’s private sector economy.
2020-04-03

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.