The IHS Markit Eurozone PMI Composite PMI declined to 51.1 in December 2018, revised from 51.3 and below 52.7 in the previous month. The latest reading pointed to the weakest pace of expansion in the private sector since November 2014 as service sector growth slowed to over four-year low and manufacturing output expanded the least since February 2016. New work rose the least since the end of 2014 and business confidence slipped to its lowest level since October 2014 while employment growth remained robust. On the price front, input prices posted the smallest increase since August 2017 and output cost inflation eased to a 15-month low. Among Eurozone's largest economies, France's economic output fell for the first time for two-and-a-half years, while German growth was the weakest for five-and-a-half years. Italy output was flat, while PMI's for Ireland and Spain hit the lowest in 9 and 3 months respectively. Composite Pmi in the Euro Area is reported by Markit Economics.

Composite Pmi in Euro Area is expected to be 51.20 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 54.10 in 12 months time. In the long-term, the Euro Area Composite PMI is projected to trend around 52.70 Index Points in 2020, according to our econometric models.

Euro Area Composite PMI
Forecast Data Chart
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.82 1.04 1.62 -3.28 Index Points [+]
Manufacturing PMI 51.40 51.80 60.60 33.50 [+]
Services PMI 51.20 53.40 58.30 39.20 Index Points [+]
Composite Pmi 51.10 52.70 58.80 45.70 Index Points [+]
Industrial Production -3.30 1.20 9.60 -21.30 percent [+]
Industrial Production Mom -1.70 0.10 3.30 -3.90 percent [+]
Manufacturing Production -3.10 1.50 10.00 -21.80 percent [+]
Capacity Utilization 83.90 84.10 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -21.00 -22.00 89.90 -63.70 [+]
Car Registrations 884.46 862.12 1169.19 669.00 Thousand [+]
Mining Production -8.20 -5.40 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.10 52.70 58.80 45.70 2012 - 2018 Index Points Monthly

Country Last Previous
Australia 52.40 Dec/18
Brazil 52.40 Dec/18
China 52.20 Dec/18
Euro Area 51.10 Dec/18
France 48.70 Dec/18
Germany 51.60 Dec/18
India 53.60 Dec/18
Italy 50.00 Dec/18
Japan 52.00 Dec/18
Russia 53.90 Dec/18
Singapore 52.70 Dec/18
South Africa 49.00 Dec/18
United Kingdom 51.40 Dec/18
United States 54.40 Dec/18