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.