The IHS Markit Eurozone Composite PMI decreased to 51.3 in March 2019 from the previous month's 51.9 and below market expectations of 52, the preliminary estimate showed. Manufacturers reported their steepest downturn for six years while service providers showed greater resilience. Overall new order growth stagnated for a second successive month, with export orders falling the most since September 2014, and backlogs of work posted the steepest decline since November 2014. Employment growth consequently slowed, down to the joint-weakest since September 2016. On the price front, input prices rose at the slowest rate since October 2016, while average selling price inflation picked up slightly. Looking ahead, companies’ expectations of output in the coming year slipped lower. Among Eurozone's largest economies, German private sector growth eased to the slowest since June 2013 while French business activity fell for the third time in four months. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 51.20 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 52.50 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 0.69 0.69 1.62 -3.29 Index Points [+]
Manufacturing PMI 47.60 49.30 60.60 33.50 [+]
Services PMI 52.70 52.80 58.30 39.20 Index Points [+]
Composite Pmi 51.30 51.90 58.80 45.70 Index Points [+]
Industrial Production -1.10 -4.20 9.70 -21.40 percent [+]
Industrial Production Mom 1.40 -0.90 3.20 -3.90 percent [+]
Manufacturing Production -1.90 -4.00 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index -2.50 -16.60 89.90 -63.70 [+]
Car Registrations 926.05 927.13 1169.19 669.00 Thousand [+]
Mining Production -5.60 -6.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.30 51.90 58.80 45.70 2012 - 2019 Index Points Monthly

Country Last Previous
Australia 50.00 Mar/19
Brazil 52.60 Feb/19
China 50.70 Feb/19
Euro Area 51.30 Mar/19
France 48.70 Mar/19
Germany 51.50 Mar/19
India 53.80 Feb/19
Italy 49.60 Feb/19
Japan 50.70 Feb/19
Russia 54.10 Feb/19
Singapore 49.80 Feb/19
South Africa 50.20 Feb/19
United Kingdom 51.50 Feb/19
United States 54.30 Mar/19