The IHS Markit Eurozone Composite PMI rose to 60.6 in July 2021, from 59.5 in the previous month and above market forecasts of 60.0, a preliminary estimate showed. The latest reading pointed to the strongest rise in private sector activity since July 2000 as the bloc's economy continued to reopen from COVID-19 restrictions. Service sector output grew the most in 15 years, while manufacturing expansion eased due to worsening supply lines but remained strong overall. New order growth measured across both manufacturing and services accelerated to the fastest since May 2000, amid a further sharp rise in staffing levels. On the price front, input costs rose at a near record rate, while selling price inflation eased from June's peak. Business confidence meanwhile took a hit from rising concerns over the delta variant, pushing sentiment for the year ahead to a five-month low. source: Markit Economics

Composite PMI in the Euro Area averaged 51.77 points from 2012 until 2021, reaching an all time high of 60.60 points in July of 2021 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 August of 2021.

Composite PMI in Euro Area is expected to be 55.10 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 54.00 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
60.60 59.50 60.60 13.60 2012 - 2021 points Monthly


News Stream
Eurozone Private Sector Growth at 21-Year High
The IHS Markit Eurozone Composite PMI rose to 60.6 in July 2021, from 59.5 in the previous month and above market forecasts of 60.0, a preliminary estimate showed. The latest reading pointed to the strongest rise in private sector activity since July 2000 as the bloc's economy continued to reopen from COVID-19 restrictions. Service sector output grew the most in 15 years, while manufacturing expansion eased due to worsening supply lines but remained strong overall. New order growth measured across both manufacturing and services accelerated to the fastest since May 2000, amid a further sharp rise in staffing levels. On the price front, input costs rose at a near record rate, while selling price inflation eased from June's peak. Business confidence meanwhile took a hit from rising concerns over the delta variant, pushing sentiment for the year ahead to a five-month low.
2021-07-23
Eurozone Private Sector Growth Hits 15-Year High
The IHS Markit Eurozone Composite PMI was revised slightly higher to 59.5 in June 2021, from a preliminary estimate of 59.2, signaling the fastest rate of increase in private sector activity since June 2006 as the economy continued to open up from COVID-19 related restrictions. Services sector activity grew the most since July 2007, while manufacturing production continued to expand at a solid pace. Overall new order growth hit a 21-year high, with new export business rising at the sharpest rate since composite data were first available in September 2014. Capacity has come under pressure over the month, as evidenced by a record rise in backlogs of work, while the pace of job creation was the strongest since the start of 2018. On the price front, input cost inflation hit the highest since September 2000, while output charges were up to the sharpest degree in nearly 19 years of data availability. Looking ahead, business confidence hit an all-time high.
2021-07-05
Eurozone Private Sector Activity Grows at Fastest Rate for 15 Years
The IHS Markit Eurozone Composite PMI rose to 59.2 in June 2021, its highest since June 2006 and slightly above market expectations of 58.8, a preliminary estimate showed. The latest reading indicated a third successive month of accelerating output growth as the economy continued to open up from COVID-19 related restrictions. Services sector activity grew the most since July 2007, while manufacturing production continued to expand at a solid pace. New order growth accelerated to the fastest since June 2006 and employment rose the most in three years, while backlogs of work increased at a record rate. June also saw a further near-record lengthening of supply chains and an increasingly widespread depletion of warehouse inventories. On the price front, average input cost inflation was the highest since September 2000 and prices charged rose at an unprecedented rate, as demand continued to outstrip supply. Looking ahead, business confidence hit an all-time high.
2021-06-23
Euro Area Composite PMI Revised Higher
The IHS Markit Composite PMI for the Eurozone was revised higher to 57.1 in May of 2021 from a preliminary of 56.9, pointing to the strongest growth in private sector activity since February of 2018. Services growth accelerated sharply (55.2 vs 50.5 in April) and factory activity rose at a record pace (63.1 vs 62.9). Private sector new work went up to the strongest degree since June 2006. Sales growth was also broad-based, with gains recorded in both domestic and international markets. Such was the rise in new work that companies struggled to keep on top of overall workloads, as evidenced by a rise in backlogs of unfinished business for a third month while firms take on additional staff for a fourth successive month. Input prices overall increased to the sharpest degree in over a decade and output ones at the strongest rate ever.
2021-06-03

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.