The S&P Global Eurozone Composite PMI was revised lower to 52.0 in February 2023, slightly down from a preliminary estimate of 52.3 and compared with January's 50.3. The latest reading pointed to a further expansion in private sector business activity, and one that was the strongest since June 2022. Services activity was the principal driver of February’s quicker upturn, while the manufacturing sector stabilized following eight consecutive months of contraction. New orders rose for the first time since May 2022, even as new export sales fell for a 12th month, while backlogs of work continued to decline. Meanwhile, job creation remained solid and business confidence hit a one-year high. On the price front, input cost inflation eased to a two-year low, while prices charged for goods and services rose sharply, albeit at the weakest rate since December 2021. source: Markit Economics

Composite PMI in Euro Area averaged 51.87 points from 2012 until 2023, reaching an all time high of 60.20 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 March of 2023.

Composite PMI in Euro Area is expected to be 51.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Euro Area Composite PMI



Related Last Previous Unit Reference
Services PMI 52.70 50.80 points Feb 2023
Manufacturing PMI 48.50 48.80 points Feb 2023
Composite PMI 52.00 50.30 points Feb 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
52.00 50.30 60.20 13.60 2012 - 2023 points Monthly

News Stream
Eurozone Output Expands at Strongest Pace Since June 2022
The S&P Global Eurozone Composite PMI was revised lower to 52.0 in February 2023, slightly down from a preliminary estimate of 52.3 and compared with January's 50.3. The latest reading pointed to a further expansion in private sector business activity, and one that was the strongest since June 2022. Services activity was the principal driver of February’s quicker upturn, while the manufacturing sector stabilized following eight consecutive months of contraction. New orders rose for the first time since May 2022, even as new export sales fell for a 12th month, while backlogs of work continued to decline. Meanwhile, job creation remained solid and business confidence hit a one-year high. On the price front, input cost inflation eased to a two-year low, while prices charged for goods and services rose sharply, albeit at the weakest rate since December 2021.
2023-03-03
Eurozone Business Activity Growth Hits 9-Month High
The S&P Global Eurozone Composite PMI increased to 52.3 in February 2023, up from 50.3 in the previous month and easily beating market consensus of 50.6, a preliminary estimate showed. The latest reading indicated the strongest expansion of business activity since last May, as service sector growth accelerated to an eight-month high and manufacturing production levels rose for the first time since last May helped by improved supply chains. Within the euro area, both France and Germany returned to growth for the first times since last October and last June, respectively. Overall new orders were up for the first time in nine months, while backlogs of orders fell and the rate of job creation eased. On the price front, both input costs and output charges rose at a slower pace. Finally, business confidence hit a one-year high due to fewer concerns over the possibility of a deep recession and over energy supply and prices, as well as signs of a peaking of inflation.
2023-02-21
Eurozone Business Activity Grows for 1st Time Since June 2022
The S&P Global Eurozone Composite PMI stood at 50.3 in January 2023, slightly up from a preliminary estimate of 50.2 and compared with December's 49.3. The latest reading pointed to the first month of expansion in the bloc's private sector since June 2022, helped by a rebound in services activity and the weakest pace of contraction in manufacturing since last August. Total new orders fell for the seventh successive month, but the rate of decline was the softest over this period, while the rate of job creation ticked slightly higher to a three-month high. At the same time, backlogs of work decreased, particularly in the manufacturing sector. On the price front, input cost inflation continued its downward trend, easing to a 21-month low, although output prices increased at a slightly faster clip in January. Finally, business confidence improved to a nine-month high.
2023-02-03