Euro Area Composite PMI
April 2023 Data – 2012-2022 Historical – May Forecast
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The HCOB Eurozone Composite PMI rose to 54.1 in April of 2023 from 53.7 in the previous month, below preliminary estimates of 54.4 but enough to reflect the fastest pace of growth in 11 months.Growth was solely supported by the services sector (56.2 vs 55 in March), driven by sharp increases for Italy and Spain, and offsetting the tenth consecutive contraction for the manufacturing sector (45.8 vs 47.3).Aggregate new business rose at the aggregate level for the third straight month, also solely due to the services sector, as strong domestic sales offset the drop in export orders to a 14-month low.Notably, business activity continued to outpace new orders as European firms cleared their backlogs.In the meantime, employment in the bloc rose to a near 1-year high.
On the price front, inflationary pressures continued to subside, although they remained high on historical standards.While firms remained optimistic over the next year, the degree of positivity fell to a three-month low.
source:
Markit Economics
Composite PMI in Euro Area averaged 51.90 points from 2012 until 2023, 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
Composite PMI in Euro Area is expected to be 51.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
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Related
Last
Previous
Unit
Reference
Manufacturing PMI
45.80
47.30
points
Apr 2023
Services PMI
56.20
55.00
points
Apr 2023
Composite PMI
54.10
53.70
points
Apr 2023
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
54.10
53.70
60.20
13.60
2012 – 2023
points
Monthly
Compare
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News Stream
Euro Area Composite PMI Revised Lower
The HCOB Eurozone Composite PMI rose to 54.1 in April of 2023 from 53.7 in the previous month, below preliminary estimates of 54.4 but enough to reflect the fastest pace of growth in 11 months.
Growth was solely supported by the services sector (56.2 vs 55 in March), driven by sharp increases for Italy and Spain, and offsetting the tenth consecutive contraction for the manufacturing sector (45.8 vs 47.3).Aggregate new business rose at the aggregate level for the third straight month, also solely due to the services sector, as strong domestic sales offset the drop in export orders to a 14-month low.Notably, business activity continued to outpace new orders as European firms cleared their backlogs.In the meantime, employment in the bloc rose to a near 1-year high.
On the price front, inflationary pressures continued to subside, although they remained high on historical standards.While firms remained optimistic over the next year, the degree of positivity fell to a three-month low.
2023-05-04
Eurozone Private Sector Growth Hits 11-Month High
The HCOB Eurozone Composite PMI rose to 54.4 in April 2023, the highest since May last year and well above market expectations of 53.7, a preliminary estimate showed.The latest reading suggested the bloc’s economy has gained further momentum at the start of the second quarter, helped by the steepest increases in both new orders and employment for 11 months.Inflation pressures meanwhile moderated further, with input cost inflation falling to the lowest since February 2021 and the average price inflation dropping to a two-year low.Finally, optimism about the year ahead dipped further from February’s 12-month high.
2023-04-21
Eurozone Private Sector Growth Picks Up in March
The S&P Global Eurozone Composite PMI came in at 53.7 in March 2023, slightly below the preliminary estimate of 54.1 and compared with February’s final reading of 52.0.
The latest figure pointed to the steepest pace of expansion in the bloc’s private sector since last May, helped by the strongest increase in service sector activity in 10 months.Total new orders rose modestly in March despite the continued decline in new business from abroad, while the rate of job creation accelerated to an eight-month high.On the price front, input cost inflation eased as prices at manufacturers dropped for the first time since July 2020, while the rate of output price inflation also slowed to a 22-month low.
Finally, business sentiment softened, even as trends in activity and demand have improved.
2023-04-05
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