The IHS Markit Eurozone Composite PMI was revised higher to 51.5 in April 2019 from a preliminary estimate of 51.3 and compared to the previous month's 51.6. Service sector growth eased (PMI at 52.8 vs 53.3 in March), while manufacturing production fell for a third successive month (47.9 vs 47.5 in March). Incoming new work and employment rose while levels of work outstanding fell for the second straight month. On the price front, input cost inflation accelerated in April while average output charges increased at softest pace in 20 months. Looking ahead, business sentiment was unchanged in April. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 51.70 Index 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 52.20 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 54.00 Index Points in 2020, according to our econometric models.

Euro Area Composite PMI
Forecast Data Chart
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.42 0.54 1.62 -3.30 Index Points [+]
Manufacturing PMI 47.90 47.50 60.60 33.50 [+]
Services PMI 52.80 53.30 58.30 39.20 Index Points [+]
Composite Pmi 51.50 51.60 58.80 45.70 Index Points [+]
Industrial Production -0.60 0.00 9.70 -21.40 percent [+]
Industrial Production Mom -0.30 -0.10 3.40 -4.00 percent [+]
Manufacturing Production 0.30 0.80 10.00 -21.80 percent [+]
Capacity Utilization 82.80 83.60 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index -1.60 4.50 89.90 -63.70 [+]
Car Registrations 934.92 892.52 1169.19 669.00 Thousand [+]
Mining Production -3.40 -1.80 42.30 -27.80 percent [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.50 51.60 58.80 45.70 2012 - 2019 Index Points Monthly

Country Last Previous
Australia 50.00 Apr/19
Brazil 50.60 Apr/19
China 52.70 Apr/19
Euro Area 51.50 Apr/19
France 50.10 Apr/19
Germany 52.20 Apr/19
India 51.70 Apr/19
Italy 49.50 Apr/19
Japan 50.80 Apr/19
Russia 53.00 Apr/19
Singapore 53.30 Apr/19
South Africa 50.30 Apr/19
United Kingdom 50.90 Apr/19
United States 53.00 Apr/19