The IHS Markit Eurozone Composite PMI fell to 54.3 in October 2021, from 56.2 in the previous month and below market expectations of 55.2, a preliminary estimate showed. The latest reading pointed to the slowest pace of expansion in the Eurozone private sector business activity, amid increasing supply bottlenecks and ongoing COVID-19 concerns. By sector. the manufacturing sector posted the weakest increase in production seen over the past 16 months, while the service sector growth eased to a six-month low. New orders rose the least since April, while the pace of job creation matched July’s two-decade high and backlogs of work continued to rise at an elevated pace. Survey-record price increases were meanwhile reported as firms sought to pass an unprecedented rise in costs on to customers. Finally, future sentiment moderated for a fourth consecutive month to the lowest since February. source: Markit Economics

Composite PMI in the Euro Area averaged 51.89 points from 2012 until 2021, reaching an all time high of 60.20 points in July of 2021 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 October of 2021.

Composite PMI in Euro Area is expected to be 54.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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Euro Area Composite PMI


News Stream
Eurozone Business Activity Growth Slows to 6-Month Low
The IHS Markit Eurozone Composite PMI fell to 54.3 in October 2021, from 56.2 in the previous month and below market expectations of 55.2, a preliminary estimate showed. The latest reading pointed to the slowest pace of expansion in the Eurozone private sector business activity, amid increasing supply bottlenecks and ongoing COVID-19 concerns. By sector. the manufacturing sector posted the weakest increase in production seen over the past 16 months, while the service sector growth eased to a six-month low. New orders rose the least since April, while the pace of job creation matched July’s two-decade high and backlogs of work continued to rise at an elevated pace. Survey-record price increases were meanwhile reported as firms sought to pass an unprecedented rise in costs on to customers. Finally, future sentiment moderated for a fourth consecutive month to the lowest since February.
2021-10-22
Euro Area Composite PMI at 5-Month Low
The IHS Markit Eurozone Composite PMI was revised slightly higher to 56.2 in September of 2021 from a preliminary of 56.1, still pointing to the slowest growth in private sector activity in five months and marking a further retreat from the 15-year peak recorded in July as shortages of inputs impeded both manufacturing and service sector output. There were also softer rates of expansion in both new orders and employment, while businesses’ output expectations were the least optimistic since February. Meanwhile, inflationary trends moved higher in September, with input prices rising at the joint-fastest rate on record (since July 1998). Output prices subsequently rose at a pace which was only surpassed by those seen in June and July.
2021-10-05
Euro Area Private Sector Growth Slows to 5-Month Low
The IHS Markit Eurozone Composite PMI went down to 56.1 in September of 2021 from 59 in August, below market forecasts of 58.5, preliminary estimates showed. The reading pointed to the slowest growth in private sector activity in 5 months, reflecting the peaking of demand in the second quarter, supply chain bottlenecks and concerns over the ongoing pandemic. Business expectations for the coming year were also knocked by rising worries over the impact of the Delta variant on demand and supply chains, contributing to a further moderation in the rate of job creation from July’s 21-year peak. Firms’ costs meanwhile rose at the fastest rate in 21 years as demand again outstripped supply, with price rises increasingly feeding through from manufacturing to services.
2021-09-23

Euro Area Last Unit Reference Previous Highest Lowest
Services PMI 54.70 points Oct/21 56.40 59.80 12.00
Manufacturing PMI 58.50 points Oct/21 58.60 63.40 33.40
Composite PMI 54.30 points Oct/21 56.20 60.20 13.60


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.