The IHS Markit Eurozone Composite PMI decreased to 50.1 in September of 2020 from 51.9 in August and compared market forecasts of 51.7, a flash estimate showed. The latest reading points to a near stalling of the economy at the end of the third quarter as rising infection rates and ongoing social distancing measures curbed demand, notably for consumer-facing services. Manufacturing output growth accelerated in September to the fastest since February 2018 but the service sector, having already almost stalled back in August, recorded the largest contraction of output since May.

Composite Pmi in the Euro Area averaged 51.69 points from 2012 until 2020, 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 September of 2020. source: Markit Economics

Composite Pmi in Euro Area is expected to be 51.10 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 53.70 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 51.00 points in 2021 and 53.70 points in 2022, according to our econometric models.

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Euro Area Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.10 51.90 58.80 13.60 2012 - 2020 points Monthly


News Stream
Eurozone Business Activity Stagnates in September
The IHS Markit Eurozone Composite PMI decreased to 50.1 in September of 2020 from 51.9 in August and compared market forecasts of 51.7, a flash estimate showed. The latest reading points to a near stalling of the economy at the end of the third quarter as rising infection rates and ongoing social distancing measures curbed demand, notably for consumer-facing services. Manufacturing output growth accelerated in September to the fastest since February 2018 but the service sector, having already almost stalled back in August, recorded the largest contraction of output since May.
2020-09-23
Eurozone Composite PMI Revised Up in August
The IHS Markit Eurozone Composite PMI was revised higher to 51.9 in August 2020 from a preliminary estimate of 51.6 and compared to July’s 54.9. The lastest reading pointed to loss of growth momentum in the private sector, as few restrictions were reimposed following the resurgence of COVID-19 cases in some countries across the region. New orders rose for the second straight month, albeit at a weaker pace, while export sales continued to fall extending the current period of contraction to nearly two years. The job shedding rate slowed to its lowest in six months, with all nations registering a decline in employment, namely Spain, France and Germany. On the price front, input cost inflation quickened to a six-month high, while output charges continued to drop in line with the trend since March. Finally, sentiment remained positive, still slightly down compared with the previous month.
2020-09-03
Eurozone Private Sector Activity Expands Less than Expected
The IHS Markit Eurozone Composite PMI decreased to 51.6 in August 2020 from 54.9 in July and compared market forecasts of 54.9, a flash estimate showed. The reading pointed to loss of growth momentum in the private sector, as few restrictions were reimposed following the resurgence of coronavirus cases in some countries across the region. New orders rose for the second consecutive month, albeit at a softer pace mainly due to a drop in export sales. In addition, outstanding business continued to fall, and employment dropped for the for the sixth straight month but a weaker rate. On the price front, input prices advanced for the third successive month and at the sharpest pace since before the pandemic while output charges extended its decline to six months. Looking by region, output growth in Germany remained solid, seeing only a modest slowdown from July, while in France suffered a loss of momentum. Finally, business confidence weakened from the previous month.
2020-08-21
Eurozone Business Activity Returns to Growth in July
The IHS Markit Eurozone Composite PMI stood at 54.9 in July 2020, compared to a preliminary estimate of 54.8 and well above June's final reading of 48.5. The latest PMI figure pointed to the steepest month of expansion in the bloc's private sector since June 2018 as manufacturing production rose for the first time since the start of 2019 and service activity grew the most since September 2018.
2020-08-05

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.