The IHS Markit Eurozone Composite PMI declined to 47.5 in January 2021 from 49.1 in the previous month, and below market expectations of 47.6, a preliminary estimate showed. The latest reading pointed to a third successive monthly decline in business activity and the steepest deterioration since November, amid the ongoing pandemic and related restrictions. The rate of factory output growth weakened to the slowest since the recovery began and the service sector saw output falling at the second-fastest rate since May. January saw employment across the eurozone declining for an eleventh consecutive month but the overall rate of decline was the lowest recorded since the pandemic began. Business expectations about output in the coming 12 months pulled back from December’s recent peak, largely linked to worries about the persistence of the pandemic’s impact on demand, though remained the second-highest since May 2018. source: Markit Economics

Composite PMI in the Euro Area averaged 51.55 points from 2012 until 2021, 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 January of 2021.

Composite PMI in Euro Area is expected to be 50.60 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 51.00 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 51.00 points in 2022 and 53.70 points in 2023, according to our econometric models.

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Euro Area Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.50 49.10 58.80 13.60 2012 - 2021 points Monthly


News Stream
Eurozone Economy Suffers Steepening Decline at Start of 2021
The IHS Markit Eurozone Composite PMI declined to 47.5 in January 2021 from 49.1 in the previous month, and below market expectations of 47.6, a preliminary estimate showed. The latest reading pointed to a third successive monthly decline in business activity and the steepest deterioration since November, amid the ongoing pandemic and related restrictions. The rate of factory output growth weakened to the slowest since the recovery began and the service sector saw output falling at the second-fastest rate since May. January saw employment across the eurozone declining for an eleventh consecutive month but the overall rate of decline was the lowest recorded since the pandemic began. Business expectations about output in the coming 12 months pulled back from December’s recent peak, largely linked to worries about the persistence of the pandemic’s impact on demand, though remained the second-highest since May 2018.
2021-01-22
Eurozone December Composite PMI Revised Lower
The IHS Markit Eurozone Composite PMI was revised lower to 49.1 in December 2020, from a preliminary estimate of 49.8 and compared with November's six-month low of 45.3. Services remained the principal drag on economic output, with activity falling for a fourth successive month due to the effects of social distancing and travel restrictions. Meanwhile, manufacturing output expanded for a sixth successive month and at a faster rate than November. Ireland was the best-performing economy followed by Germany, where growth was again underpinned by strong export performance. In contrast, all other nations registered a contraction. Also, incoming new orders and employment levels continued to fall. On the price front, input cost inflation was the highest since May 2019, while output charges were cut for a tenth straight month. Looking ahead, business optimism was at its highest level since April 2018 on the back of recent news of vaccine developments.
2021-01-06
Eurozone Economy Close to Stabilizing in December
The IHS Markit Eurozone Composite PMI rose to 49.8 in December 2020 from 45.3 in the previous month, and easily beating market expectations of 45.8, a preliminary estimate showed. The latest reading suggested the bloc's private sector economy came close to stabilizing, as manufacturing output growth accelerated and service sector activity contracted at a slower pace.
2020-12-16
Eurozone Composite PMI Lowest Since May
The IHS Markit Eurozone Composite PMI was revised slightly higher to 45.3 in November 2020, from a preliminary estimate of 45.1 and compared with October's 50.0, pointing to the steepest month of contraction in the Eurozone’s private sector economy since May. Several countries across the region introduced more aggressive measures to counter rising coronavirus cases, with the service sector being the hardest hit from restrictions. New orders continued to fall sharply, while the rate of job cuts eased. On the price front, input cost inflation slowed, while output prices fell for a ninth consecutive month. Looking ahead, confidence about the future improved noticeably as firms were encouraged by recent COVID-19 vaccine developments.
2020-12-03

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.