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.