The IHS Markit Eurozone Composite PMI slipped to 49.4 in October of 2020 from 50.4 in September and compared to market forecasts of 49.3, a flash estimate showed. The latest reading pointed to a renewed contraction in business activity across the eurozone after three months of expansion, as acceleraating growth of manufacturing output (PMI at 54.4 vs 53.7 in September) was overwhelmed by a steepening deterioration in the service sector (PMI at 49.4 vs 50.4 in September) amid rising COVID-19 worries. The rate of job losses eased, but forward -looking indicators deteriorated: inflows of new business showed a renewed decline and business optimism for the year ahead slipped to the lowest since May. Deflationary pressures meanwhile eased as business costs rose at a faster rate.

Composite Pmi in the Euro Area averaged 51.67 points from 2012 until 2020, 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 October of 2020. source: Markit Economics

Composite Pmi in Euro Area is expected to be 48.00 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 52.90 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 51.00 points in 2021 and 53.70 points in 2022, according to our econometric models.

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Euro Area Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.40 50.40 58.80 13.60 2012 - 2020 points Monthly


News Stream
Eurozone Business Activity Falls Back Into Decline
The IHS Markit Eurozone Composite PMI slipped to 49.4 in October of 2020 from 50.4 in September and compared to market forecasts of 49.3, a flash estimate showed. The latest reading pointed to a renewed contraction in business activity across the eurozone after three months of expansion, as accelerating growth of manufacturing output (PMI at 54.4 vs 53.7 in September) was overwhelmed by a steepening deterioration in the service sector (PMI at 49.4 vs 50.4 in September) amid rising COVID-19 worries. The rate of job losses eased, but forward -looking indicators deteriorated: inflows of new business showed a renewed decline and business optimism for the year ahead slipped to the lowest since May. Deflationary pressures meanwhile eased as business costs rose at a faster rate.
2020-10-23
Eurozone Composite PMI Revised Slightly Higher
The IHS Markit Eurozone Composite PMI was revised higher to 50.4 in September 2020, from a preliminary estimate of 50.1 and compared to the previous month's final 51.9. The latest reading indicated only marginal expansion in the private sector economy, as service sector activity slipped back into contraction amid a spike in coronavirus cases, while manufacturing output rose at the fastest pace for over two-and-a-half years. Overall incoming new business increased slightly, and at the slowest rate in the current three-month period of growth, while exports rose for the first time in over two years. Meanwhile, backlogs of work declined for a nineteenth successive month and employment numbers were again reduced, marking a seventh successive monthly fall in staffing levels. On the price front, operating expenses increased for a fourth month in a row, while output charges fell for a seventh straight month. Finally, business expectations improved to their highest level for seven months.
2020-10-05
Eurozone Business Activity Stagnates in September
The IHS Markit Eurozone Composite PMI decreased to 50.1 in September of 2020 from 51.9 in August and compared market forecasts of 51.7, a flash estimate showed. The latest reading points to a near stalling of the economy at the end of the third quarter as rising infection rates and ongoing social distancing measures curbed demand, notably for consumer-facing services. Manufacturing output growth accelerated in September to the fastest since February 2018 but the service sector, having already almost stalled back in August, recorded the largest contraction of output since May.
2020-09-23
Eurozone Composite PMI Revised Up in August
The IHS Markit Eurozone Composite PMI was revised higher to 51.9 in August 2020 from a preliminary estimate of 51.6 and compared to July’s 54.9. The lastest reading pointed to loss of growth momentum in the private sector, as few restrictions were reimposed following the resurgence of COVID-19 cases in some countries across the region. New orders rose for the second straight month, albeit at a weaker pace, while export sales continued to fall extending the current period of contraction to nearly two years. The job shedding rate slowed to its lowest in six months, with all nations registering a decline in employment, namely Spain, France and Germany. On the price front, input cost inflation quickened to a six-month high, while output charges continued to drop in line with the trend since March. Finally, sentiment remained positive, still slightly down compared with the previous month.
2020-09-03

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.