The IHS Markit Eurozone Composite fell to 51.3 from 52.7 in the previous month and below market expectations of 52.8, a preliminary estimate showed. The reading pointed to the weakest expansion in the private sector activity since November 2014, as both manufacturing (51.4 from 51.8) and services (51.4 from 53.4) slowed. The job creation rate dropped to a two-year low; new export orders fell for the third straight month, recording the steepest decrease since series began while new business almost stalled. The slowdown was centered in France, as disruptions to business and travel were registered from the ‘gilets jaunes’ protest. On the price front, input price inflation eased to an eight month low due to lower oil and other commodity prices and fewer supply constraints regarding demand in the region. Finally, optimism deteriorated driven by growing concerns over global trade and economic growth, rising political uncertainty, Brexit and tighter financial conditions. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 52.50 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 55.10 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 52.70 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 1.09 1.01 1.62 -3.27 Index Points [+]
Manufacturing PMI 51.40 51.80 60.60 33.50 [+]
Services PMI 51.40 53.40 58.30 39.20 Index Points [+]
Composite Pmi 51.30 52.70 58.80 45.70 Index Points [+]
Industrial Production 1.20 0.80 9.20 -21.40 percent [+]
Industrial Production Mom 0.20 -0.60 3.20 -4.00 percent [+]
Manufacturing Production 1.20 1.50 10.10 -21.70 percent [+]
Capacity Utilization 83.90 84.10 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -21.00 -22.00 89.90 -63.70 [+]
Car Registrations 862.12 806.26 1169.19 669.00 Thousand [+]
Mining Production -18.70 -13.00 42.30 -26.80 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
51.30 52.70 58.80 45.70 2012 - 2018 Index Points Monthly

Country Last Previous
Australia 52.40 Dec/18
Brazil 51.60 Nov/18
China 51.90 Nov/18
Euro Area 51.30 Dec/18
France 49.30 Dec/18
Germany 52.20 Dec/18
India 54.50 Nov/18
Italy 49.30 Nov/18
Japan 52.40 Nov/18
Russia 55.00 Nov/18
Singapore 53.80 Nov/18
South Africa 48.20 Nov/18
United Kingdom 50.70 Nov/18
United States 53.60 Dec/18