The S&P Global Eurozone Composite PMI rose to 53.1 in September 2026, up from 52.0 in August and above market expectations of 51.7, according to a preliminary estimate. The latest reading marked a third consecutive month of expansion in business activity, with growth accelerating to its fastest pace in almost three-and-a-half years. Growth strengthened across both manufacturing and services, reaching 55- and 10-month highs, respectively. Germany expanded for a third straight month at its fastest pace in just under a year, while France returned to growth for the first time in 10 months. New orders rose at their fastest pace since May 2022, driving the first increase in backlogs since June 2022. Employment also increased, although the pace of job creation remained modest. Meanwhile, inflationary pressures intensified, with input costs and output prices rising at their fastest rates in four months. Business confidence weakened again and remained relatively subdued. source: S&P Global

Composite PMI In the Euro Area increased to 53.10 points in September from 52 points in August of 2026. Composite PMI in Euro Area averaged 51.50 points from 2012 until 2026, 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.

Composite PMI In the Euro Area increased to 53.10 points in September from 52 points in August of 2026. Composite PMI in Euro Area is expected to be 53.10 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 52.20 points in 2027, according to our econometric models.




Components Last Previous Unit Reference
S&P Global Manufacturing PMI 52.90 52.70 points Sep 2026
S&P Global Services PMI 53.00 51.60 points Sep 2026

Related Last Previous Unit Reference
Bankruptcies QoQ 6.90 -2.30 percent Jun 2026
Business Confidence -0.06 -0.24 points Sep 2026
Capacity Utilization 77.90 78.50 percent Sep 2026
Car Registrations 810088.50 798141.40 Units Aug 2026
Changes in Inventories 8.76 27.34 EUR Billion Jun 2026
Industrial Production YoY 0.00 -0.30 percent Jul 2026
Industrial Production MoM -0.10 -0.10 percent Jul 2026
Industrial Sentiment -3.80 -5.00 points Sep 2026
Manufacturing Production -0.60 -0.30 percent Jul 2026
Mining Production -1.60 -6.30 percent Jul 2026
Services Sentiment 6.10 5.60 points Sep 2026
ZEW Economic Sentiment Index 25.80 31.40 points Sep 2026


Euro Area Composite PMI
The S&P Global Eurozone Composite Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, is compiled by S&P Global from responses to questionnaires sent to survey panels of manufacturers in Germany, France, Italy, Spain, the Netherlands, Austria, Ireland and Greece, and of service providers in Germany, France, Italy, Spain and Ireland, totaling around 5,000 private sector companies. The index tracks variables such as sales, new orders, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Eurozone Output Growth Hits Three-and-a-Half-Year High
The S&P Global Eurozone Composite PMI rose to 53.1 in September 2026, up from 52.0 in August and above market expectations of 51.7, according to a preliminary estimate. The latest reading marked a third consecutive month of expansion in business activity, with growth accelerating to its fastest pace in almost three-and-a-half years. Growth strengthened across both manufacturing and services, reaching 55- and 10-month highs, respectively. Germany expanded for a third straight month at its fastest pace in just under a year, while France returned to growth for the first time in 10 months. New orders rose at their fastest pace since May 2022, driving the first increase in backlogs since June 2022. Employment also increased, although the pace of job creation remained modest. Meanwhile, inflationary pressures intensified, with input costs and output prices rising at their fastest rates in four months. Business confidence weakened again and remained relatively subdued.
2026-09-23
Eurozone Private-Sector Growth Holds Firm in August
The S&P Global Eurozone Composite PMI came in at 52.0 in August 2026, broadly in line with the preliminary estimate of 52.1 and little changed from July’s eight-month high. The latest data point to another solid quarter of growth in Q3, supported by improving industrial activity and a recovery in services following the initial impact of the surge in energy prices at the start of the Middle East conflict. New orders increased at the same solid pace as in July, while new export orders rose for the first time in four and a half years. Employment also expanded for the first time this year, although backlogs continued to decline at a slower pace. Inflationary pressures were broadly stable, with input costs easing slightly while output prices rose at the same pace as in July. However, price pressures remained elevated by historical standards. Business confidence was unchanged.
2026-09-03
Euro Area Business Activity Growth at 9-Month High
The Eurozone flash composite PMI rose to 52.1 in August 2026 from 52 in July, reaching a nine-month high and exceeding expectations of 51.7. Growth was supported by a stronger manufacturing performance, with factory output increasing at its fastest pace in four and a half years. Germany was a major contributor, recording its strongest manufacturing expansion since January 2022. New orders also increased, while export demand returned to growth for the first time in four and a half years, suggesting an improvement in external demand. Companies responded to the stronger activity by increasing employment, providing further evidence of resilience in the regional economy. At the same time, price pressures showed signs of easing, pointing to a gradual moderation in inflationary pressures. However, business confidence weakened during the month and remained relatively subdued, highlighting continued uncertainty over the economic outlook despite the stronger activity data.
2026-08-21