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Euro Area Composite PMI

Last Release
May 31, 2024
Actual
52.3
Units In
Points
Previous
51.7
Frequency
Monthly
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
60.2
Jul 2021
13.6
Apr 2020
51.65 Points2012-2024Markit Economics
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.

Latest Updates

The HCOB Eurozone Composite PMI rose to 52.3 in May 2024, the highest in a year, compared to 51.7 in April and beating forecasts of 52, preliminary estimates showed. The reading showed the economic recovery in the Eurozone gained momentum, amid faster increases in business activity, new orders and employment while business confidence hit a 27-month high. Meanwhile, rates of inflation of both input costs and output prices softened, but remained above pre-pandemic averages in each case. Growth continued to be centered on the services sector (53.3 vs 53.3), but manufacturing production neared stabilization (47.4 vs 45.7), falling only marginally and to the least extent in the current 14-month period of contraction. Sharper increases in business activity were recorded in Germany but France saw output decrease following a slight rise in the previous month.

Euro Area Composite PMI History

Last 12 readings

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