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.

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Euro Area Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.80 47.80 58.80 13.60 2012 - 2021 points Monthly


News Stream
Eurozone Private Sector Contracts Less than Initially Thought
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.
2021-03-03
Eurozone Private Sector Activity Shrinks for 4th Month
The IHS Markit Eurozone Composite PMI increased to 48.1 in February 2021, slightly up from 47.8 in the previous month and broadly in line market expectations of 48.0, a preliminary estimate showed. 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 the second-steepest fall since last May, manufacturing sector growth accelerated to a near three-year high.
2021-02-19
Eurozone January Composite PMI Revised Higher
The IHS Markit Eurozone Composite PMI was revised higher to 47.8 in January 2021, from a preliminary estimate of 47.5 and compared with December's 49.1. Services was once again the main drag on the economy, with activity in this sector contracting for a fifth successive month and also at a sharper rate than in December. Manufacturing remained a bright spot, with production rising for a seventh successive month albeit at the lowest rate in this growth sequence. Levels of incoming new work fell for a fourth month running while export business continued to improve, rising modestly for a second month in succession. Meanwhile, a net fall in staffing levels was recorded, but the weakest in the current 11-month sequence of falls. Finally, confidence about the future remained in positive territory during January, with the degree of optimism little-changed since the previous month.
2021-02-03
Eurozone Economy Suffers Steepening Decline at Start of 2021
The IHS Markit Eurozone Composite PMI declined to 47.5 in January 2021 from 49.1 in the previous month, and below market expectations of 47.6, a preliminary estimate showed. The latest reading pointed to a third successive monthly decline in business activity and the steepest deterioration since November, amid the ongoing pandemic and related restrictions. The rate of factory output growth weakened to the slowest since the recovery began and the service sector saw output falling at the second-fastest rate since May. January saw employment across the eurozone declining for an eleventh consecutive month but the overall rate of decline was the lowest recorded since the pandemic began. Business expectations about output in the coming 12 months pulled back from December’s recent peak, largely linked to worries about the persistence of the pandemic’s impact on demand, though remained the second-highest since May 2018.
2021-01-22

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.