The IHS Markit Eurozone Composite PMI was revised higher to 53.2 in March 2021, from a preliminary estimate of 52.5, signaling the second-fastest increase in private sector output in two-and-a-half years. Manufacturing output grew by the most in nearly 24 years, while services output fell at the slowest rate in the current seven-month sequence of contraction. Overall, new sales increased at the sharpest pace in two-and-a-half years, with new export business rising the most in over six-and-half years of data collection. Backlogs of unfinished business were up for the first time since November 2018, while jobs growth accelerated to the fastest since June 2019. On the price front, operating expenses increased the most in nearly 10 years and output price inflation was the strongest since the start of 2019. Finally, business confidence improved to a 37-month peak. source: Markit Economics

Composite PMI in the Euro Area averaged 51.54 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 April of 2021.

Composite PMI in Euro Area is expected to be 53.70 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 53.40 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 54.90 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
53.20 48.80 58.80 13.60 2012 - 2021 points Monthly


News Stream
Eurozone Private Sector Returns to Growth in March
The IHS Markit Eurozone Composite PMI was revised higher to 53.2 in March 2021, from a preliminary estimate of 52.5, signaling the second-fastest increase in private sector output in two-and-a-half years. Manufacturing output grew by the most in nearly 24 years, while services output fell at the slowest rate in the current seven-month sequence of contraction. Overall, new sales increased at the sharpest pace in two-and-a-half years, with new export business rising the most in over six-and-half years of data collection. Backlogs of unfinished business were up for the first time since November 2018, while jobs growth accelerated to the fastest since June 2019. On the price front, operating expenses increased the most in nearly 10 years and output price inflation was the strongest since the start of 2019. Finally, business confidence improved to a 37-month peak.
2021-04-07
Eurozone Business Activity Returns to Growth
The IHS Markit Eurozone Composite PMI rose to 52.5 in March of 2021 from 48.8 in the previous month, well above forecasts of 49.1. Eurozone business activity returned to growth in March, fueled by a survey record increase in manufacturing output as global demand continued to revive from the pandemic. The service sector was again hit by virus-related restrictions, though even here the decline was the weakest since last August. Hiring picked up as firms boosted capacity in line with fuller order books and optimism about the year ahead. Sentiment was tarnished, however, by concerns over rising virus infection rates.
2021-03-24
Eurozone Private Sector Contracts Less than Initially Thought
The IHS Markit Eurozone Composite PMI was revised higher to 48.8 in February 2021, up from a preliminary estimate of 48.1 and compared with 47.8 in the previous month. The latest reading indicated a fourth consecutive monthly contraction of private sector, as measures to control the COVID-19 pandemic continued to disrupt business activity across the region. Service sector output posted another marked contraction of activity, while manufacturing sector growth accelerated to a near three-year high. Overall new orders declined for a fifth successive month, despite the strongest increase in new export business for nearly three years, while employment levels rose for the first time in a year. On the price front, input cost inflation was the highest since November 2018 and output charges were up for the first time since last February. Finally, business confidence hit a three-year high.
2021-03-03
Eurozone Private Sector Activity Shrinks for 4th Month
The IHS Markit Eurozone Composite PMI increased to 48.1 in February 2021, slightly up from 47.8 in the previous month and broadly in line market expectations of 48.0, a preliminary estimate showed. The latest reading indicated a fourth consecutive monthly contraction of private sector, as measures to control the COVID-19 pandemic continued to disrupt business activity across the region. Service sector output posted the second-steepest fall since last May, manufacturing sector growth accelerated to a near three-year high.
2021-02-19

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.