The IHS Markit Eurozone Composite PMI rose to 55.8 in November 2021, from October's six-month low of 54.2 and well above market consensus of 53.2, a preliminary estimate showed. The latest reading indicated an improvement in the rate of growth, helped by a sharper increase in the service sector activity. Meanwhile, manufacturing growth remained the second-weakest seen over the past 17 months. Inflows of new business rose at a faster pace and the pace of job creation was the second-highest over the past 21 years, while backlogs of work increased at an elevated pace due to ongoing constraints. Suppliers’ delivery times continued to lengthen at record rate, amid ongoing supply shortages and transport problems. On the price front, firms’ costs and average selling prices charged for goods and services both rose at record rates. Finally, business expectations deteriorated to the lowest since January, amid concerns over supply chain issues and rising COVID-19 cases across the region. source: Markit Economics

Composite PMI in the Euro Area averaged 51.92 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 November of 2021.

Composite PMI in Euro Area is expected to be 53.40 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 2022 and 53.70 points in 2023, according to our econometric models.

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Euro Area Composite PMI


Related Last Previous Unit Reference
Manufacturing PMI 58.60 58.30 points Nov/21
Services PMI 56.60 54.60 points Nov/21
Composite PMI 55.80 54.20 points Nov/21

News Stream
Eurozone Private Sector Growth Beats Forecasts
The IHS Markit Eurozone Composite PMI rose to 55.8 in November 2021, from October's six-month low of 54.2 and well above market consensus of 53.2, a preliminary estimate showed. The latest reading indicated an improvement in the rate of growth, helped by a sharper increase in the service sector activity. Meanwhile, manufacturing growth remained the second-weakest seen over the past 17 months. Inflows of new business rose at a faster pace and the pace of job creation was the second-highest over the past 21 years, while backlogs of work increased at an elevated pace due to ongoing constraints. Suppliers’ delivery times continued to lengthen at record rate, amid ongoing supply shortages and transport problems. On the price front, firms’ costs and average selling prices charged for goods and services both rose at record rates. Finally, business expectations deteriorated to the lowest since January, amid concerns over supply chain issues and rising COVID-19 cases across the region.
2021-11-23
Euro Area Composite PMI Revised Lower
The IHS Markit Eurozone Composite PMI was revised slightly lower to 54.2 in October of 2021 from a preliminary of 54.3, pointing to the slowest growth in private sector activity in six months. Since hitting a 15-year high of 60.2 in July, the activity growth has been in the downward trend. Growth at goods producers slowed to a particularly notable degree, easing to the weakest since the recovery in manufacturing began last July. Meanwhile, activity growth hit a six-month low at service providers as strong post-lockdown rates of expansion petered out. Supply-side constraints were a major headwind to businesses in October and also fuelled strong inflationary pressures, with both input costs and output prices rising at record rates.
2021-11-04
Eurozone Business Activity Growth Slows to 6-Month Low
The IHS Markit Eurozone Composite PMI fell to 54.3 in October 2021, from 56.2 in the previous month and below market expectations of 55.2, a preliminary estimate showed. The latest reading pointed to the slowest pace of expansion in the Eurozone private sector business activity, amid increasing supply bottlenecks and ongoing COVID-19 concerns. By sector. the manufacturing sector posted the weakest increase in production seen over the past 16 months, while the service sector growth eased to a six-month low. New orders rose the least since April, while the pace of job creation matched July’s two-decade high and backlogs of work continued to rise at an elevated pace. Survey-record price increases were meanwhile reported as firms sought to pass an unprecedented rise in costs on to customers. Finally, future sentiment moderated for a fourth consecutive month to the lowest since February.
2021-10-22

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.