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.