Euro area: Purchasing Managers Index (PMI), composite
* indicates monthly or quarterly data series
The most recent value is 51 index points as of August 2024, an increase compared to the previous value of 50.2 index points. Historically, the average for Euro area from March 2019 to August 2024 is 50.26 index points. The minimum of 13.6 index points was recorded in April 2020, while the maximum of 60.2 index points was reached in July 2021.
Click on the following link to see the values of: Purchasing Managers Index (PMI), composite around the world.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: Markit Economics
| Recent values | Euro area: Purchasing Managers Index (PMI), composite |
|---|---|
| 2024 Aug | 51 |
| 2024 Jul | 50.2 |
| 2024 Jun | 50.9 |
| 2024 May | 52.2 |
| 2024 Apr | 51.7 |
| 2024 Mar | 50.3 |
| 2024 Feb | 49.2 |
| 2024 Jan | 47.9 |
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Definition: The composite Purchasing Managers’ Index (PMI) is an indicator of economic health for manufacturing and service sectors. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the manufacturing or service sector is based on questionnaire responses from panels of senior purchasing executives (or similar) at over 400 companies.
The composite PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | -6.79 | 9/2023 | percent |
| Retail sales | 98.80 | 9/2023 | index points |
| Retail sales Y-on-Y | -3.14 | 9/2023 | percent |
| Business confidence survey | -3.18 | 9/2023 | points |
| Consumer confidence survey | -17.70 | 9/2023 | points |
| Purchasing Managers Index (PMI), composite | 47.20 | 9/2023 | index points |
| Purchasing Managers Index (PMI), manufacturing | 43.40 | 9/2023 | index points |
| Purchasing Managers Index (PMI), services | 48.70 | 9/2023 | index points |