The IHS Markit Eurozone Composite PMI increased to 51.8 in May of 2019 from 51.5 in the previous month and above preliminary estimates of 51.6. The latest reading pointed to the fastest expansion in the private sector since February. The services activity growth accelerated (PMI at 52.9 from 52.8) while manufacturing contracted further (PMI at 47.7 from 47.9). New orders increased slightly for the third month and firms were also able to reduce their overall backlogs of work for a third consecutive month. The rate of job creation continued to rise, albeit a slower pace than in April. On the price front, input cost inflation moderated to the second-lowest in the past two and-a-half years and output price inflation eased to its weakest level since November 2016. Finally, business confidence, undermined by ongoing worries over Brexit, US-China trade and European political instability, fell in May to its lowest level since the start of the year. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 52.00 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 52.20 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
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.30 0.42 1.62 -3.30 Index Points [+]
Manufacturing PMI 47.70 47.90 60.60 33.50 [+]
Services PMI 52.90 52.80 58.30 39.20 Index Points [+]
Composite Pmi 51.80 51.50 58.80 45.70 Index Points [+]
Industrial Production -0.40 -0.70 9.70 -21.40 percent [+]
Industrial Production Mom -0.50 -0.40 3.30 -3.90 percent [+]
Manufacturing Production 0.30 0.80 10.00 -21.80 percent [+]
Capacity Utilization 82.80 83.60 85.30 69.60 percent [+]
Changes In Inventories 5.76 13.06 25.42 -27.22 EUR Billion [+]
Zew Economic Sentiment Index -1.60 4.50 89.90 -63.70 [+]
Car Registrations 934.92 892.52 1169.19 669.00 Thousand [+]
Mining Production -3.40 -1.80 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.80 51.50 58.80 45.70 2012 - 2019 Index Points Monthly

Country Last Previous
Australia 52.20 May/19
Brazil 48.40 May/19
China 51.50 May/19
Euro Area 51.80 May/19
France 51.20 May/19
Germany 52.40 May/19
India 51.70 May/19
Italy 49.90 May/19
Japan 50.70 May/19
Russia 51.50 May/19
Singapore 52.10 May/19
South Africa 49.30 May/19
United Kingdom 50.90 May/19
United States 50.90 May/19