The IHS Markit Eurozone Composite PMI fell to 51.3 in April 2019 from 51.6 in the previous month and missing market expectations of 51.8, a preliminary estimate showed. The latest reading pointed to the slowest expansion in the private sector in three months and the third-lowest since November 2014, as the services activity growth eased (PMI at 52.5 from 53.3 in March) while manufacturing contracted at a weaker pace (PMI at 47.8 from 47.5). New export orders dropped sharply for the seventh consecutive month to continue the worst period of export performance since data was available in 2014. Also, backlogs of work fell while the job creation rate increased slightly, still it remained among the lowest since 2016. On the price front, input cost inflation accelerated mainly boosted by oil prices and output price inflation advanced at the softest pace in 20 months. Finally, confidence dropped for a second successive month to the lowest since January. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 51.70 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
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.53 0.69 1.62 -3.29 Index Points [+]
Manufacturing PMI 47.80 47.50 60.60 33.50 [+]
Services PMI 52.50 53.30 58.30 39.20 Index Points [+]
Composite Pmi 51.30 51.60 58.80 45.70 Index Points [+]
Industrial Production -0.30 -0.70 9.70 -21.40 percent [+]
Industrial Production Mom -0.20 1.90 3.20 -3.90 percent [+]
Manufacturing Production -1.90 -4.00 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index 4.50 -2.50 89.90 -63.70 [+]
Car Registrations 892.52 926.05 1169.19 669.00 Thousand [+]
Mining Production -5.60 -6.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.30 51.60 58.80 45.70 2012 - 2019 Index Points Monthly

Country Last Previous
Australia 50.60 Apr/19
Brazil 53.10 Mar/19
China 52.90 Mar/19
Euro Area 51.30 Apr/19
France 50.00 Apr/19
Germany 52.10 Apr/19
India 52.70 Mar/19
Italy 51.50 Mar/19
Japan 50.40 Mar/19
Russia 54.60 Mar/19
Singapore 51.80 Mar/19
South Africa 48.80 Mar/19
United Kingdom 50.00 Mar/19
United States 52.80 Apr/19