Markit European Union Composite Purchasing Managers Index (PMI)

Country:
European Union
EUR, Euro
Source:
Sector:
Business
Medium 51.3 52.2
52.7
Last release Importance Actual Forecast
Previous
51.5
51.3
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 "Markit 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
Dec 2018 prelim.
51.3
52.2
52.7
Nov 2018
52.7
52.2
52.4
Nov 2018 prelim.
52.4
53
53.1
Oct 2018
53.1
53.5
52.7
Oct 2018 prelim.
52.7
54.2
54.1
Sep 2018
54.1
54.4
54.2
Sep 2018 prelim.
54.2
54.5
54.5
Aug 2018
54.5
54.4
54.4
Aug 2018 prelim.
54.4
54.4
54.3
Jul 2018
54.3
54.7
54.3
Jul 2018 prelim.
54.3
54.9
54.9
Jun 2018
54.9
54.5
54.8
Jun 2018 prelim.
54.8
53.6
54.1
May 2018
54.1
54.2
54.1
May 2018 prelim.
54.1
55.1
55.1
Apr 2018
55.1
54.6
55.2
Apr 2018 prelim.
55.2
54.2
55.2
Mar 2018
55.2
54.6
55.3
Mar 2018 prelim.
55.3
56.7
57.1
Feb 2018
57.1
57.9
57.5
Feb 2018 prelim.
57.5
59
58.8
Jan 2018
58.8
58.7
58.6
Jan 2018 prelim.
58.6
58.3
58.1
Dec 2017
58.1
58.4
58
Dec 2017 prelim.
58
58.2
57.5
Nov 2017
57.5
57.1
57.5
Nov 2017 prelim.
57.5
55.7
56
Oct 2017
56
56.3
55.9
Oct 2017 prelim.
55.9
56.8
56.7
Sep 2017
56.7
56.3
56.7
Sep 2017 prelim.
56.7
55.9
55.7
Aug 2017
55.7
55.9
55.8
Aug 2017 prelim.
55.8
55.9
55.7
Jul 2017
55.7
56.2
55.8
Jul 2017 prelim.
55.8
56.1
56.3
Jun 2017
56.3
56.4
55.7
Jun 2017 prelim.
55.7
56.9
56.8
May 2017
56.8
57
56.8
May 2017 prelim.
56.8
56.9
56.8
Apr 2017
56.8
56.8
56.7
Apr 2017 prelim.
56.7
56.4
Mar 2017
56.4
56.7
Mar 2017 prelim.
56.7
56
Feb 2017
56
56
Feb 2017 prelim.
56
54.4
Jan 2017
54.4
54.3
Jan 2017 prelim.
54.3
54.4
Dec 2016
54.4
53.9
Dec 2016 prelim.
53.9
53.9
Nov 2016
53.9
53.7

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