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.