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

Country:
European Union
EUR, Euro
Source:
Sector:
Business
Medium 51.9 54.2
54.8
Last release Importance Actual Forecast
Previous
51.9
51.9
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 2022 prelim.
51.9
54.2
54.8
May 2022
54.8
54.9
54.9
May 2022 prelim.
54.9
55.7
55.8
Apr 2022
55.8
55.8
55.8
Apr 2022 prelim.
55.8
54.7
54.9
Mar 2022
54.9
54.5
54.5
Mar 2022 prelim.
54.5
55.7
55.5
Feb 2022
55.5
55.8
55.8
Feb 2022 prelim.
55.8
52.4
52.3
Jan 2022
52.3
52.4
52.4
Jan 2022 prelim.
52.4
53.4
53.3
Dec 2021
53.3
53.4
53.4
Dec 2021 prelim.
53.4
55.6
55.4
Nov 2021
55.4
55.8
55.8
Nov 2021 prelim.
55.8
54.3
54.2
Oct 2021
54.2
54.3
54.3
Oct 2021 prelim.
54.3
56.2
56.2
Sep 2021
56.2
56.1
56.1
Sep 2021 prelim.
56.1
59.3
59.0
Aug 2021
59.0
59.5
59.5
Aug 2021 prelim.
59.5
60.5
60.2
Jul 2021
60.2
60.6
60.6
Jul 2021 prelim.
60.6
59.5
59.5
Jun 2021
59.5
59.2
59.2
Jun 2021 prelim.
59.2
57.1
57.1
May 2021
57.1
56.9
56.9
May 2021 prelim.
56.9
53.8
53.8
Apr 2021
53.8
53.7
53.7
Apr 2021 prelim.
53.7
52.9
53.2
Mar 2021
53.2
52.5
52.5
Mar 2021 prelim.
52.5
48.5
48.8
Feb 2021
48.8
48.1
48.1
Feb 2021 prelim.
48.1
47.7
47.8
Jan 2021
47.8
47.5
47.5
Jan 2021 prelim.
47.5
49.5
49.1
Dec 2020
49.1
49.8
49.8
Dec 2020 prelim.
49.8
45.2
45.3
Nov 2020
45.3
45.1
45.1
Nov 2020 prelim.
45.1
49.7
50.0
Oct 2020
50.0
49.4
49.4
Oct 2020 prelim.
49.4
50.3
50.4
Sep 2020
50.4
50.1
50.1
Sep 2020 prelim.
50.1
51.8
51.9
Aug 2020
51.9
51.6
51.6
Aug 2020 prelim.
51.6
54.9
54.9
Jul 2020
54.9
54.8
54.8
Jul 2020 prelim.
54.8
48.0
48.5
Jun 2020
48.5
47.5
47.5
Jun 2020 prelim.
47.5
42.7
31.9
May 2020
31.9
30.5
30.5

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