The IHS Markit Eurozone Composite PMI was revised higher to 48.5 in June 2020 from a preliminary estimate of 47.5 and compared to 31.9 in May. The reading pointed to the softer contraction in private sector activity in four months, as restrictions related to the coronavirus pandemic eased. Both manufacturing output (PMI at 47.4 vs 39.4 in May) and services activities (PMI at 48.3 vs 30.5 in May) shrank at the weakest pace in four months. The job shedding rate slowed further since April’s record and backlogs of work dropped for the sixteenth straight month but a slower rate. On the price front, operating expenses were little-changed as falling input prices for manufacturers were offset by higher employment expenses for service providers while output prices declined for the fourth consecutive month. Finally, sentiment returned to positive territory and hit a four-month high amid hopes that the easing of lockdown restrictions will pave the way for stronger demand and sales growth.

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 July of 2020. source: Markit Economics

Composite Pmi in Euro Area is expected to be 43.00 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 53.70 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
48.50 31.90 58.80 13.60 2012 - 2020 points Monthly


News Stream
Eurozone Private Sector Activity Shrinks Less than Initially Thought
The IHS Markit Eurozone Composite PMI was revised higher to 48.5 in June 2020 from a preliminary estimate of 47.5 and compared to 31.9 in May. The reading pointed to the softer contraction in private sector activity in four months, as restrictions related to the coronavirus pandemic eased. Both manufacturing output (PMI at 47.4 vs 39.4 in May) and services activities (PMI at 48.3 vs 30.5 in May) shrank at the weakest pace in four months. The job shedding rate slowed further since April’s record and backlogs of work dropped for the sixteenth straight month but a slower rate. On the price front, operating expenses were little-changed as falling input prices for manufacturers were offset by higher employment expenses for service providers while output prices declined for the fourth consecutive month. Finally, sentiment returned to positive territory and hit a four-month high amid hopes that the easing of lockdown restrictions will pave the way for stronger demand and sales growth.
2020-07-03
Euro Area Private Sector Activity Shrinks at Softer Pace
The IHS Markit Flash Eurozone Composite PMI increased to 47.5 in June of 2020 from 31.9 in May, beating forecasts of 42.4. It is the highest reading in 4 months as lockdowns to prevent the spread of the coronavirus outbreak were further relaxed. However, it still pointed to a marked contraction in private sector activity as both manufacturing (46.9) and services (47.3) shrank, albeit at softer paces. New orders, order book backlogs and employment fell less in June. Average input prices increased for the first time since February while average prices charged fell for a fourth month running as firms once again reported widespread discounting to boost sales. Meanwhile, business sentiment rose to the highest since February. Among Eurozone's biggest economies, France led the improvement with output returning to growth while Germany lagged behind as private sector activity continued to decline.
2020-06-23
Eurozone May Composite PMI Revised Higher
The IHS Markit Eurozone Composite PMI was revised higher to 31.9 in May 2020 from a preliminary estimate of 30.5 and compared to April's all-time low of 13.6. Still, the latest reading was consistent with sharply falling activity across the region as restrictions related to the coronavirus pandemic continued to hit the economy, with new business and employment falling sharply again. Looking ahead, business confidence remained negative overall, though continued to improve on March’s series low.
2020-06-03
Eurozone Composite PMI Beats Forecasts
The IHS Markit Eurozone Composite PMI went up to 30.5 in May 2020 from 13.6 in April and beating market consensus of 25, a preliminary estimate showed. The latest reading pointed to the third sharpest contraction in the private sector since series began, as the coronavirus pandemic continued to have a severe impact on the economy. Both manufacturing output and services activities shrank at a softer pace. The job shedding rate eased modestly compared to April’s record and backlogs of work dropped at the fastest pace on record. New orders fell to the third-greatest extent ever seen by the surveys. On the price front, input costs decreased markedly and average prices charged for goods and services declined for a third successive month as companies offered discounts to help stimulate sales. Looking by region, output fell less across France and Germany, as well as collectively across the rest of the region, from the unprecedented downturns seen in April. Lastly, sentiment remained weak.
2020-05-21

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.