The S&P Global Eurozone Composite PMI came in at 52.0 in August 2026, broadly in line with the preliminary estimate of 52.1 and little changed from July’s eight-month high. The latest data point to another solid quarter of growth in Q3, supported by improving industrial activity and a recovery in services following the initial impact of the surge in energy prices at the start of the Middle East conflict. New orders increased at the same solid pace as in July, while new export orders rose for the first time in four and a half years. Employment also expanded for the first time this year, although backlogs continued to decline at a slower pace. Inflationary pressures were broadly stable, with input costs easing slightly while output prices rose at the same pace as in July. However, price pressures remained elevated by historical standards. Business confidence was unchanged. source: S&P Global

Composite PMI In the Euro Area remained unchanged at 52 points in August. Composite PMI in Euro Area averaged 51.49 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 remained unchanged at 52 points in August. Composite PMI in Euro Area is expected to be 51.70 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 52.70 51.90 points Aug 2026
S&P Global Services PMI 51.60 51.70 points Aug 2026

Related Last Previous Unit Reference
Bankruptcies QoQ 6.90 -2.30 percent Jun 2026
Business Confidence -0.22 -0.19 points Aug 2026
Capacity Utilization 77.90 78.50 percent Sep 2026
Car Registrations 816092.40 801936.60 Units Jun 2026
Changes in Inventories 28.52 31.70 EUR Billion Mar 2026
Industrial Production YoY 0.10 -0.10 percent Jun 2026
Industrial Production MoM 0.00 0.30 percent Jun 2026
Industrial Sentiment -5.30 -6.10 points Aug 2026
Manufacturing Production 0.20 -0.10 percent Jun 2026
Mining Production -4.00 -1.80 percent Jun 2026
Services Sentiment 5.80 5.10 points Aug 2026
ZEW Economic Sentiment Index 31.40 23.40 points Aug 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 Growth Holds Firm in August
The S&P Global Eurozone Composite PMI came in at 52.0 in August 2026, broadly in line with the preliminary estimate of 52.1 and little changed from July’s eight-month high. The latest data point to another solid quarter of growth in Q3, supported by improving industrial activity and a recovery in services following the initial impact of the surge in energy prices at the start of the Middle East conflict. New orders increased at the same solid pace as in July, while new export orders rose for the first time in four and a half years. Employment also expanded for the first time this year, although backlogs continued to decline at a slower pace. Inflationary pressures were broadly stable, with input costs easing slightly while output prices rose at the same pace as in July. However, price pressures remained elevated by historical standards. Business confidence was unchanged.
2026-09-03
Euro Area Business Activity Growth at 9-Month High
The Eurozone flash composite PMI rose to 52.1 in August 2026 from 52 in July, reaching a nine-month high and exceeding expectations of 51.7. Growth was supported by a stronger manufacturing performance, with factory output increasing at its fastest pace in four and a half years. Germany was a major contributor, recording its strongest manufacturing expansion since January 2022. New orders also increased, while export demand returned to growth for the first time in four and a half years, suggesting an improvement in external demand. Companies responded to the stronger activity by increasing employment, providing further evidence of resilience in the regional economy. At the same time, price pressures showed signs of easing, pointing to a gradual moderation in inflationary pressures. However, business confidence weakened during the month and remained relatively subdued, highlighting continued uncertainty over the economic outlook despite the stronger activity data.
2026-08-21
Euro Area Business Activity Growth at 8-Month High
The S&P Global Eurozone Composite PMI was revised higher to 52 in July 2026 from a preliminary estimate of 51.9 and 50 in June, moving back into expansion territory for the first time since March and signalling the strongest increase in business activity in eight months. The improvement was broad-based, with renewed growth in the services sector accompanied by a sustained and faster expansion in manufacturing output. Demand also strengthened, as new business increased for the first time since earlier this year and at the fastest pace since November, pointing to a solid start to the third quarter. Meanwhile, inflationary pressures continued to ease, with both input cost and output price inflation slowing further in July. Business confidence improved to its highest level in five months, reflecting growing optimism about the economic outlook.
2026-08-05