The IHS Markit Eurozone Composite PMI edged up to 51.6 in May of 2019 from 51.5 in the previous month but slightly below market expectations of 51.7, a preliminary reading showed. The latest reading pointed to the fastest expansion in the private sector since March. The services activity growth slowed (PMI at 52.5 from 52.8) and manufacturing contracted further (PMI at 47.7 from 47.9). New orders slowed and new export orders fell for an eighth consecutive month, though the decline was less steep than in the prior two month and the rate of job creation was the smallest since September of 2016. On the price front, input cost inflation moderated to the second-lowest since November 2016, often linked to suppliers offering more discounts (or not raising prices) in order to boost sales and output prices showed the smallest increase since July 2017 as intense competition limited pricing power. Finally, confidence dropped to a four-and-a-half year low. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 51.70 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 52.20 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
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.42 0.54 1.62 -3.30 Index Points [+]
Manufacturing PMI 47.70 47.90 60.60 33.50 [+]
Services PMI 52.50 52.80 58.30 39.20 Index Points [+]
Composite Pmi 51.60 51.50 58.80 45.70 Index Points [+]
Industrial Production -0.60 0.00 9.70 -21.40 percent [+]
Industrial Production Mom -0.30 -0.10 3.40 -4.00 percent [+]
Manufacturing Production 0.30 0.80 10.00 -21.80 percent [+]
Capacity Utilization 82.80 83.60 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index -1.60 4.50 89.90 -63.70 [+]
Car Registrations 934.92 892.52 1169.19 669.00 Thousand [+]
Mining Production -3.40 -1.80 42.30 -27.80 percent [+]


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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.60 51.50 58.80 45.70 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 52.20 May/19
Brazil 50.60 Apr/19
China 52.70 Apr/19
Euro Area 51.60 May/19
France 51.30 May/19
Germany 52.40 May/19
India 51.70 Apr/19
Italy 49.50 Apr/19
Japan 50.80 Apr/19
Russia 53.00 Apr/19
Singapore 53.30 Apr/19
South Africa 50.30 Apr/19
United Kingdom 50.90 Apr/19
United States 50.90 May/19


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