The IHS Markit Eurozone Composite PMI rose to 53.7 in April 2021, from 53.2 in the previous month and above market consensus of 52.8, a preliminary estimate showed. The latest reading signaled the fastest rate of increase in private sector activity since last July, supported by a record expansion of manufacturing production and a rebound in service sector activity. New order growth across the eurozone hit the highest since September 2018 and backlogs of work grew the most since January 2018, while the pace of job creation was the fastest since November 2018. On the price front, input cost inflation hit a decade high, while average prices charged for goods and services rose at the fastest rate since January 2018. Looking ahead, business confidence hit a record high. source: Markit Economics
Composite PMI in the Euro Area averaged 51.56 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 April of 2021.
Composite PMI in Euro Area is expected to be 53.70 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 53.40 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 54.90 points in 2022 and 53.70 points in 2023, according to our econometric models.