Euro Area Services PMI - Forecast

Services PMI in Euro Area is expected to be 54.70 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Euro Area to stand at 55.40 in 12 months time. In the long-term, the Euro Area Services PMI is projected to trend around 53.30 Index Points in 2020, according to our econometric models.


Euro Area Services PMI
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Euro Area Business Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 1.39 1.15 1.11 1.25 1.15 1
Manufacturing PMI 54.9 55.4 57.9 57.4 55.1 53.1
Services PMI 55.2 54.7 56.4 56.1 55.4 53.3
Composite Pmi 54.9 55.2 57.5 57 56.4 52.7
Industrial Production 2.4 3.4 2.8 2.6 3.2 2.4
Industrial Production Mom 1.3 -0.6 0.5 0.3 -0.4 0.3
Manufacturing Production 2.8 3.2 3.8 3.6 4 3.9
Capacity Utilization 84.4 84.5 84.5 84.1 84 84.8
Changes In Inventories 4.1 9.4 6.8 4.5 7.1 6
Zew Economic Sentiment Index -18.7 -6.8 9.1 15.5 24.4 32
Car Registrations 943 942 962 917 932 992
Mining Production -0.9 1.9 1.6 1.4 1.5 2.1