The IHS Markit Eurozone Composite PMI came in at 51.2 in January 2019, slightly above the preliminary estimate of 50.8 and unchanged from December’s 49-month low. Overall growth of activity was supported primarily through the reduction of work outstanding, which declined to the greatest degree in over four years. In addition, new business expanded at the weakest pace in fifty months and the rate of job creation eased to the lowest since the end of 2016. On the price front, operating expenses continued to rise solidly and output charges increased the most in seven months. Finally, business confidence remained close to December’s four-year low. Services PMI in the Euro Area is reported by Markit Economics.

Services PMI in Euro Area is expected to be 51.10 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Euro Area to stand at 52.80 in 12 months time. In the long-term, the Euro Area Services PMI is projected to trend around 54.00 Index Points in 2020, according to our econometric models.

Euro Area Services PMI
Forecast Data Chart
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.69 0.86 1.62 -3.29 Index Points [+]
Manufacturing PMI 50.50 51.40 60.60 33.50 [+]
Services PMI 51.20 51.20 58.30 39.20 Index Points [+]
Composite Pmi 51.00 51.10 58.80 45.70 Index Points [+]
Industrial Production -4.20 -3.00 9.60 -21.30 percent [+]
Industrial Production Mom -0.90 -1.70 3.30 -4.00 percent [+]
Manufacturing Production -4.00 -2.90 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -20.90 -21.00 89.90 -63.70 [+]
Car Registrations 927.13 884.46 1169.19 669.00 Thousand [+]
Mining Production -7.40 -8.70 42.30 -27.80 percent [+]

Euro Area Services PMI

The Eurozone Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of around 2,000 private service sector firms. National services data are included for Germany, France, Italy, Spain and the Republic of Ireland. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - Euro Area Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Services PMI - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.20 51.20 58.30 39.20 2007 - 2019 Index Points Monthly

Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 51.20 Jan/19
France 47.80 Jan/19
Germany 53.00 Jan/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 54.20 Jan/19