The IHS Markit Eurozone Composite PMI stood at 53.3 in December 2021, little-changed from a preliminary estimate of 53.4 and below the previous month's final reading of 55.4. The latest figure signaled the softest expansion in private sector activity since March, as services output growth slowed to an eight-month low amid a resurgence of COVID-19 infections, while the manufacturing expansion remained subdued due to supply-related disruptions. Demand for goods and services across the eurozone rose at the slowest pace since March and the pace of job creation was the weakest since May, while backlogs of work increased for a tenth successive month. On the price front, output charges and input costs increased at the second-sharpest rates on record, surpassed only by those seen in November. Finally, business confidence rose from November’s ten-month low. source: Markit Economics

Composite PMI in the Euro Area averaged 51.93 points from 2012 until 2021, reaching an all time high of 60.20 points in July of 2021 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 January of 2022.

Composite PMI in Euro Area is expected to be 54.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Composite PMI is projected to trend around 54.90 points in 2023 and 53.70 points in 2024, according to our econometric models.

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Euro Area Composite PMI


Related Last Previous Unit Reference
Manufacturing PMI 58.00 58.40 points Dec/21
Services PMI 53.10 55.90 points Dec/21
Composite PMI 53.30 55.40 points Dec/21

News Stream
Eurozone Private Sector Activity Grows the Least Since March
The IHS Markit Eurozone Composite PMI stood at 53.3 in December 2021, little-changed from a preliminary estimate of 53.4 and below the previous month's final reading of 55.4. The latest figure signaled the softest expansion in private sector activity since March, as services output growth slowed to an eight-month low amid a resurgence of COVID-19 infections, while the manufacturing expansion remained subdued due to supply-related disruptions. Demand for goods and services across the eurozone rose at the slowest pace since March and the pace of job creation was the weakest since May, while backlogs of work increased for a tenth successive month. On the price front, output charges and input costs increased at the second-sharpest rates on record, surpassed only by those seen in November. Finally, business confidence rose from November’s ten-month low.
2022-01-05
Eurozone Private Sector Growth Slows to 9-Month Low
The IHS Markit Eurozone Composite PMI fell to 53.4 in December 2021, from 55.4 in the previous month and below market expectations of 54, a preliminary estimate showed. The latest reading pointed to the slowest pace of expansion in the region's private sector since March, mainly due to a slowdown in service sector growth as tourism and recreation activity contracted sharply due to rising COVID-19 infection rates and associated restrictive measures. Manufacturing output growth meanwhile picked up amid reports of alleviating supply delays, with the factory sector outpacing services for the first time in five months.
2021-12-16
Euro Area Composite PMI Revised Lower
The IHS Markit Eurozone Composite PMI was revised lower to 55.4 in November 2021, from a preliminary of 55.8 but above October’s final of 54.2 indicating a solid and accelerated rate of economic expansion across the euro area. Solid growth at face value was primarily a reflection of the service sector’s performance, masking the second-softest increase in manufacturing production since its recovery began in July 2020. However, the strongest rates of growth were seen away from the two largest euro-area economies monitored by the survey, with Germany in particular recording a weak rate of growth in November. Intense price pressures remained widespread across the euro area, with rates of output charge and input cost inflation accelerating to new survey highs in November. Lastly, business confidence weakened to a ten-month low in November, reflecting a deterioration in sentiment at service providers.
2021-12-03

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.