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European Markit Composite Purchasing Managers Index (PMI)

European Markit Composite Purchasing Managers Index (PMI)

Actual: 50.4
Forecast: 50.1
Previous: 51.9
Importance:
Release Date: Oct 05, 2020
Currency: EUR
Country: Euro Zone
Source Of Report: Markit Economics

The PMI monthly Composite Reports on Manufacturing and Services are based on surveys of over 300 business executives in private sector manufacturing companies and also 300 private sector services companies. Data is usually released on the third working day of each month. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).

Release Date Actual Forecast Previous
Nov 04, 2020 (Oct)
Oct 23, 2020 (Oct)    49.3 50.4
Oct 05, 2020 (Sep) 50.4 50.1 51.9
Sep 23, 2020 (Sep)    50.1 51.7 51.9
Sep 03, 2020 (Aug) 51.9 51.6 54.9
Aug 21, 2020 (Aug)    51.6 54.9 54.9

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