The S&P Global Eurozone Composite PMI was revised up to 50.0 in June 2026, from a preliminary 49.5 and above May’s 48.5, marking a stabilization in private sector output after two months of decline. Manufacturing production growth offset a slower but continued drop in services activity. Italy, Spain, and Ireland drove the recovery with sharper expansions in business activity, while Germany and France, though still in contraction, saw their rates of decline ease. New business volumes fell for a fourth month, but the contraction was marginal and the joint-slowest since March. Employment remained virtually unchanged after the steepest drop in five and a half years, and backlogs depleted at a slightly slower pace than in April and May, though still among the fastest of the past year. Input and output costs rose sharply but at a slower rate than recent peaks, while business confidence reached its highest level since the outbreak of war in the Middle East. source: S&P Global

Composite PMI In the Euro Area increased to 50 points in June from 48.50 points in May of 2026. Composite PMI in Euro Area averaged 51.48 points from 2012 until 2026, 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.

Composite PMI In the Euro Area increased to 50 points in June from 48.50 points in May of 2026. Composite PMI in Euro Area is expected to be 49.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Composite PMI is projected to trend around 52.20 points in 2027, according to our econometric models.




Components Last Previous Unit Reference
S&P Global Manufacturing PMI 51.40 51.60 points Jun 2026
S&P Global Services PMI 49.40 47.70 points Jun 2026

Related Last Previous Unit Reference
Bankruptcies QoQ 0.40 2.60 percent Mar 2026
Business Confidence -0.38 -0.27 points Jun 2026
Capacity Utilization 78.50 77.60 percent Jun 2026
Car Registrations 801936.60 797368.40 Units May 2026
Changes in Inventories 27.65 34.97 EUR Billion Mar 2026
Industrial Production YoY 0.30 -2.80 percent Apr 2026
Industrial Production MoM 0.10 0.40 percent Apr 2026
Industrial Sentiment -7.70 -7.90 points Jun 2026
Manufacturing Production 0.30 -3.00 percent Apr 2026
Mining Production -4.10 -1.00 percent Apr 2026
Services Sentiment 3.20 2.60 points Jun 2026
ZEW Economic Sentiment Index 9.50 -9.10 points Jun 2026


Euro Area Composite PMI
The S&P Global Eurozone Composite Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, is compiled by S&P Global from responses to questionnaires sent to survey panels of manufacturers in Germany, France, Italy, Spain, the Netherlands, Austria, Ireland and Greece, and of service providers in Germany, France, Italy, Spain and Ireland, totaling around 5,000 private sector companies. The index tracks variables such as sales, new orders, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Eurozone Private Sector Output Stabilizes in June
The S&P Global Eurozone Composite PMI was revised up to 50.0 in June 2026, from a preliminary 49.5 and above May’s 48.5, marking a stabilization in private sector output after two months of decline. Manufacturing production growth offset a slower but continued drop in services activity. Italy, Spain, and Ireland drove the recovery with sharper expansions in business activity, while Germany and France, though still in contraction, saw their rates of decline ease. New business volumes fell for a fourth month, but the contraction was marginal and the joint-slowest since March. Employment remained virtually unchanged after the steepest drop in five and a half years, and backlogs depleted at a slightly slower pace than in April and May, though still among the fastest of the past year. Input and output costs rose sharply but at a slower rate than recent peaks, while business confidence reached its highest level since the outbreak of war in the Middle East.
2026-07-03
Euro Area Private Sector Slide Eases
The S&P Global Flash Eurozone Composite PMI increased to 49.5 in June 2026 from 48.5 in May, compared to forecasts of 49.1. It is the highest reading in three months, pointing to a smaller contraction in private sector activity. The services drop also eased (47.7 vs 48.9) while manufacturing output growth slowed to a five-month low (51.2 vs 51.3). There was a sustained fall in new orders and a slight drop in employment. Meanwhile, there were signs of inflationary pressures softening, with input costs rising at the slowest pace since the outbreak of war in the Middle East and output charges increasing at the weakest rate in three months. Manufacturers continued to signal sharply lengthened suppliers' delivery times, while the recent spell of rising purchasing activity came to an end. In addition, business confidence ticked up for the second month running.
2026-06-23
Euro Area Private Sector Activity in Contraction for 2nd Month
The S&P Global Eurozone Composite PMI was revised higher to 48.5 in May 2026 from a preliminary of 47.5 and compared to 48.8 in April, signaling the faster contraction in 18 months in private sector activity as inflation weighs. It also marked back-to-back months of contraction for the first time since the end of 2024, with overall activity levels being pulled lower by services (47.7 vs 47.6) while manufacturing continued to rise (51.6 vs 52.2). Weighing on output levels was a further fall in demand for Euro Area goods and services, with export markets a particular drag as non-domestic new orders sank at the quickest rate in five months. Signs of softening were also apparent in the labour market as job losses picked up. As for pricing trends, input cost pressures remained the sharpest seen since late-2022. For a third month in succession, the rate of output price inflation quickened. Positively, there was a modest recovery of business confidence.
2026-06-03