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.

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Euro Area Composite PMI



Related Last Previous Unit Reference
Manufacturing PMI 52.10 54.60 points Jun 2022
Services PMI 52.80 56.10 points Jun 2022
Composite PMI 51.90 54.80 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
51.90 54.80 60.20 13.60 2012 - 2022 points Monthly

News Stream
Euro Area Composite PMI at 16-Month Low
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.
2022-06-23
Euro Area Composite PMI at 4-Month High
The S&P Global Eurozone PMI Composite PMI fell to a four-month low of 54.8 in May, down from 55.8 in April and compared to a preliminary estimate of 54.9. This slowdown was exclusively a result of a softer service sector expansion amid signs that the post-lockdown rebound was losing some strength. Although manufacturing output growth edged slightly higher from April’s 22-month low, it was subdued and below its long-run average. Private sector business output rose at the slowest pace since January while there was further evidence of squeezed capacities as backlogs of work rose once again. Employment growth accelerated to a ten-month high amid a broad-based improvement in hiring trends at the sector level. With regards to inflation, output charges were raised to the second-greatest extent on record in May amid another substantial increase in firms’ operating costs.
2022-06-03
Euro Area Private Sector Growth Remains Robust: PMI
The S&P Global Flash Eurozone Composite PMI fell to 54.9 in May of 2022 from 55.8 in April, below market forecasts of 55.3, but still pointed to a robust growth in private sector activity, despite headwinds associated with the Ukraine war, pandemic supply constraints and the rising cost of living. Growth was led by the services sector (56.3 vs 57.7, the second-strongest expansion in the past eight months) amid rising demand due to the reopening of the economy after Omicron related restrictions, specially for tourism and recreation activities. Meanwhile, manufacturing growth eased more (54.4 vs 55.5) as the output continued to be constrained by widespread supply shortages, with the Ukraine war and China’s lockdowns having exacerbated existing pandemic-related supply chain pressures. Looking ahead, business optimism deteriorated slightly to the second-lowest recorded over the past year-and-a-half.
2022-05-24