The IHS Markit Eurozone Composite PMI was revised higher to 48.8 in February 2021, up from a preliminary estimate of 48.1 and compared with 47.8 in the previous month. The latest reading indicated a fourth consecutive monthly contraction of private sector, as measures to control the COVID-19 pandemic continued to disrupt business activity across the region. Service sector output posted another marked contraction of activity, while manufacturing sector growth accelerated to a near three-year high. Overall new orders declined for a fifth successive month, despite the strongest increase in new export business for nearly three years, while employment levels rose for the first time in a year. On the price front, input cost inflation was the highest since November 2018 and output charges were up for the first time since last February. Finally, business confidence hit a three-year high. source: Markit Economics
Composite PMI in the Euro Area averaged 51.53 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 March of 2021.
Composite PMI in Euro Area is expected to be 50.60 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 51.00 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 51.00 points in 2022 and 53.70 points in 2023, according to our econometric models.