The S&P Global Eurozone Composite PMI fell to 54.8 in June of 2022 from 51.9 in May, compared with the market consensus of 54. It was the lowest reading since a contraction in February 2021, as new orders for goods and services stagnated for the first time since the demand recovery started in early 2021. Manufacturing expanded the least in 24 months, with output falling for the first time in two years. Meantime, the growth in the services sector slowed sharply amid slower inflows of new business. source: Markit Economics
Composite PMI in the Euro Area averaged 52.04 points from 2012 until 2022, 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 July 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 54.00 points in 2023 and 53.70 points in 2024, according to our econometric models.