The IHS Markit Eurozone Composite PMI rose to 52.2 in June of 2019 from 51.8 in the previous month and above preliminary estimates of 52.1. The latest reading pointed to the strongest expansion in the private sector since November last year, as the services activity was the best in eight months (PMI at 53.6 from 52.9 in May) while the manufacturing production shrank further (PMI at 47.6 from 47.7). Production fell for a fifth successive month, and at a rate that was amongst the sharpest seen in the past six years and new orders growth was modest overall. At the same time, backlogs of work were reduced for a fourth successive month while job creation rose at a solid rate. On the price front, input costs rose at the slowest rate since September 2016 and output charges continued to rise. Finally, ongoing worries over global trading conditions led to a second successive monthly fall in business confidence to a level that broadly matched last December’s 50-month low. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 52.00 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 52.70 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 0.17 0.30 1.62 -3.30 Index Points [+]
Manufacturing PMI 47.60 47.70 60.60 33.50 [+]
Services PMI 53.60 52.90 58.30 39.20 Index Points [+]
Composite Pmi 52.20 51.80 58.80 45.70 Index Points [+]
Industrial Production -0.50 -0.40 9.70 -21.40 percent [+]
Industrial Production Mom 0.90 -0.40 3.30 -4.00 percent [+]
Manufacturing Production -0.60 -0.50 10.00 -21.70 percent [+]
Capacity Utilization 82.80 83.60 85.30 69.60 percent [+]
Changes In Inventories 5.76 13.06 25.42 -27.22 EUR Billion [+]
Zew Economic Sentiment Index -20.30 -20.20 89.90 -63.70 [+]
Car Registrations 896.89 961.38 1169.19 669.00 Thousand [+]
Mining Production -6.50 -7.50 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.20 51.80 58.80 45.70 2012 - 2019 Index Points Monthly

Country Last Previous
Australia 52.50 Jun/19
Brazil 49.00 Jun/19
China 50.60 Jun/19
Euro Area 52.20 Jun/19
France 52.70 Jun/19
Germany 52.60 Jun/19
India 50.80 Jun/19
Italy 50.10 Jun/19
Japan 50.80 Jun/19
Russia 49.20 Jun/19
Singapore 50.60 Jun/19
South Africa 49.70 Jun/19
United Kingdom 49.70 Jun/19
United States 51.50 Jun/19