S&P Global European Union Composite Purchasing Managers Index (PMI)

Country:
European Union
EUR, Euro
Source:
Sector:
Business
Medium 50.9 50.8
50.8
Last release Importance Actual Forecast
Previous
49.8
50.9
Next release Actual Forecast
Previous
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Markit Composite PMI is a monthly summary report concerning the changes in the working conditions of private companies in the manufacturing and service sectors. The indicator is based on monthly surveys of purchasing managers working in approximately 5000 private companies in 19 eurozone countries.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Purchasing managers are among the first to notice such changes. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the euro area.

Purchasing managers complete a questionnaire, in which they assess the basic parameters of their work: input and output prices, employment, production, new orders, etc. The survey participants provide relative estimates: whether figures have increased, decreased or remain unchanged. Individual subindexes are calculated based on these answers. These subindexes characterize inflation, employment and other key indicators of economic activity.

Each response is weighted according to the size of a company and its contribution to the total production or services of the subsector it belongs to. Thus, the largest companies make a greater contribution to the indicator calculation.

The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering business activity in the entire private sector of the eurozone. It is interpreted as a leading indicator of production and inflation. PMI growth is an indication of favorable changes in market conditions and can be seen as positive for the euro.

Last values:

actual data

forecast

The chart of the entire available history of the "S&P Global European Union Composite Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jun 2024
50.9
50.8
50.8
Jun 2024 prelim.
50.8
51.7
52.2
May 2024
52.2
52.3
52.3
May 2024 prelim.
52.3
51.7
51.7
Apr 2024
51.7
51.4
51.4
Apr 2024 prelim.
51.4
50.6
50.3
Mar 2024
50.3
49.9
49.9
Mar 2024 prelim.
49.9
49.8
49.2
Feb 2024
49.2
48.9
48.9
Feb 2024 prelim.
48.9
48.6
47.9
Jan 2024
47.9
47.9
47.9
Jan 2024 prelim.
47.9
47.9
47.6
Dec 2023
47.6
47.0
47.0
Dec 2023 prelim.
47.0
47.8
47.6
Nov 2023
47.6
47.1
47.1
Nov 2023 prelim.
47.1
46.1
46.5
Oct 2023
46.5
46.5
46.5
Oct 2023 prelim.
46.5
47.1
47.2
Sep 2023
47.2
47.1
47.1
Sep 2023 prelim.
47.1
45.6
46.7
Aug 2023
46.7
47.0
47.0
Aug 2023 prelim.
47.0
47.7
48.6
Jul 2023
48.6
48.9
48.9
Jul 2023 prelim.
48.9
48.2
49.9
Jun 2023
49.9
50.3
50.3
Jun 2023 prelim.
50.3
53.0
52.8
May 2023
52.8
53.3
53.3
May 2023 prelim.
53.3
54.3
54.1
Apr 2023
54.1
54.4
54.4
Apr 2023 prelim.
54.4
53.9
53.7
Mar 2023
53.7
54.1
54.1
Mar 2023 prelim.
54.1
52.2
52.0
Feb 2023
52.0
52.3
52.3
Feb 2023 prelim.
52.3
50.2
50.3
Jan 2023
50.3
50.2
50.2
Jan 2023 prelim.
50.2
49.0
49.3
Dec 2022
49.3
48.8
48.8
Dec 2022 prelim.
48.8
48.0
47.8
Nov 2022
47.8
47.8
47.8
Nov 2022 prelim.
47.8
47.2
47.3
Oct 2022
47.3
47.1
47.1
Oct 2022 prelim.
47.1
48.1
48.1
Sep 2022
48.1
48.2
48.2
Sep 2022 prelim.
48.2
49.0
48.9
Aug 2022
48.9
49.2
49.2
Aug 2022 prelim.
49.2
49.2
49.9
Jul 2022
49.9
49.4
49.4
Jul 2022 prelim.
49.4
50.6
52.0
Jun 2022
52.0
51.9
51.9
Jun 2022 prelim.
51.9
54.2
54.8

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