The IHS Markit Eurozone Composite PMI fell to 50.1 in September 2019 from 51.9 in the previous month and below earlier estimates of 50.4, final data showed. The latest reading pointed to the slowest expansion in private activity since June 2013, as manufacturing downturn deepened (PMI at 45.7 from 47 in August) and the services sector growth eased (PMI at 51.6 from 53.5). New orders fell for the first time since January and to the greatest degree since mid-2013; and new export orders declined at the sharpest pace since composite export data were first available. Meantime, employment growth was the weakest in three-and-a-half years. On the price front, input costs rose at the slowest rate since August 2016 and output charges increased only marginally with the rate of inflation softening to a near three-year low. Finally, business sentiment increased slightly from August’s 75-month low. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 52.50 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 -0.22 0.12 1.63 -3.31 Index Points [+]
Services PMI 51.60 53.50 58.30 39.20 Index Points [+]
Manufacturing PMI 45.70 47.00 60.60 33.50 [+]
Composite Pmi 50.10 51.90 58.80 45.70 Index Points [+]
Industrial Production -2.80 -2.10 9.70 -21.40 percent [+]
Industrial Production Mom 0.40 -0.40 3.30 -4.00 percent [+]
Manufacturing Production -2.70 -2.20 10.00 -21.70 percent [+]
Capacity Utilization 81.90 82.80 85.30 69.60 percent [+]
Changes In Inventories 7.71 7.61 27.72 -24.53 EUR Billion [+]
Zew Economic Sentiment Index -23.50 -22.40 89.90 -63.70 [+]
Car Registrations 1047.68 946.33 1139.02 673.29 Thousand [+]
Industrial Sentiment -8.80 -5.80 10.20 -37.70 [+]
Mining Production -4.90 -6.60 42.30 -27.80 percent [+]
Services Sentiment 9.50 9.20 35.30 -25.20 [+]

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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.10 51.90 58.80 45.70 2012 - 2019 Index Points Monthly

Country Last Previous
Australia 52.00 Sep/19
Brazil 52.50 Sep/19
China 51.90 Sep/19
Euro Area 50.10 Sep/19
France 50.80 Sep/19
Germany 48.50 Sep/19
India 49.80 Sep/19
Italy 50.60 Sep/19
Japan 51.50 Sep/19
Russia 51.40 Sep/19
Singapore 48.30 Sep/19
South Africa 49.20 Sep/19
United Kingdom 49.30 Sep/19
United States 51.00 Sep/19