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S&P Global Composite PMI

The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics, are based on a large number of business executives in private sector manufacturing and 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).

Most recent - Friday 22 September 2023 08:00

Previous
46.7
Forecast
46.5
Actual
47.1

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Next event - Wednesday 4 October 2023 08:00

Previous
47.1
Forecast
47.1
Actual
-

The typical/expected impact on EUR pairs is medium.

The consensus forecast for S&P Global Composite PMI is 47.1. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for S&P Global Composite PMI was 47.1 against a forecast of 46.5.

Past events

Date
Forecast
Actual
Friday 22 September 2023 08:00
46.5
47.1
Tuesday 5 September 2023 08:00
47
46.7
Wednesday 23 August 2023 08:00
48.5
47
Thursday 3 August 2023 08:00
48.9
48.6
Monday 24 July 2023 08:00
49.7
48.9
Wednesday 5 July 2023 08:00
50.3
49.9
Friday 23 June 2023 08:00
52.5
50.3
Monday 5 June 2023 08:00
53.3
52.8
Tuesday 23 May 2023 08:00
53.7
53.3
Thursday 4 May 2023 08:00
54.4
54.1
Friday 21 April 2023 08:00
53.7
54.4
Wednesday 5 April 2023 08:00
54.1
53.7
Friday 24 March 2023 09:00
51.9
54.1
Friday 3 March 2023 09:00
52.3
52
Tuesday 21 February 2023 09:00
50.6
52.3
Friday 3 February 2023 09:00
50.2
50.3
Tuesday 24 January 2023 09:00
49.8
50.2
Wednesday 4 January 2023 09:00
48.8
49.3
Friday 16 December 2022 09:00
48
48.8
Monday 5 December 2022 09:00
47.8
47.8
Wednesday 23 November 2022 09:00
47
47.8
Friday 4 November 2022 09:00
47.1
47.3
Monday 24 October 2022 08:00
47.5
47.1
Wednesday 5 October 2022 08:00
48.2
48.1
Friday 23 September 2022 08:00
48.2
48.2
Monday 5 September 2022 08:00
49.2
48.9
Tuesday 23 August 2022 08:00
49
49.2
Wednesday 3 August 2022 08:00
49.4
49.9
Friday 22 July 2022 08:00
51
49.4
Tuesday 5 July 2022 08:00
51.9
52
Thursday 23 June 2022 08:00
54
51.9
Friday 3 June 2022 08:00
54.9
54.8
Tuesday 24 May 2022 08:00
55.3
54.9
Wednesday 4 May 2022 08:00
55.8
55.8
Friday 22 April 2022 08:00
53.9
55.8
Tuesday 5 April 2022 08:00
54.5
54.9
Thursday 24 March 2022 09:00
53.9
54.5
Thursday 3 March 2022 09:00
55.8
55.5
Monday 21 February 2022 09:00
52.7
55.8
Thursday 3 February 2022 09:00
52.4
52.3
Monday 24 January 2022 09:00
52.6
52.4
Wednesday 5 January 2022 09:00
53.4
53.3
Thursday 16 December 2021 09:00
54
53.4
Friday 3 December 2021 09:00
55.8
55.4
Tuesday 23 November 2021 09:00
53.2
55.8
Thursday 4 November 2021 09:00
54.3
54.2
Friday 22 October 2021 08:00
55.2
54.3
Tuesday 5 October 2021 08:00
56.1
56.2
Thursday 23 September 2021 08:00
58.5
56.1
Friday 3 September 2021 08:00
59.5
59
Monday 23 August 2021 08:00
59.7
59.5
Wednesday 4 August 2021 08:00
60.6
60.2
Friday 23 July 2021 08:00
60
60.6
Monday 5 July 2021 08:00
59.2
59.5
Wednesday 23 June 2021 08:00
58.8
59.2
Thursday 3 June 2021 08:00
56.9
57.1
Friday 21 May 2021 08:00
55.1
56.9
Wednesday 5 May 2021 08:00
53.7
53.8
Friday 23 April 2021 08:00
52.8
53.7
Wednesday 7 April 2021 08:00
52.5
53.2
Wednesday 24 March 2021 09:00
49.1
52.5
Wednesday 3 March 2021 09:00
48.1
48.8
Friday 19 February 2021 09:00
48
48.1
Wednesday 3 February 2021 09:00
47.5
47.8
Friday 22 January 2021 09:00
47.6
47.5
Wednesday 6 January 2021 09:00
49.8
49.1
Wednesday 16 December 2020 09:00
45.8
49.8
Thursday 3 December 2020 09:00
45.1
45.3
Monday 23 November 2020 09:00
45.8
45.1
Wednesday 4 November 2020 09:00
49.4
50
Friday 23 October 2020 08:00
49.3
49.4
Monday 5 October 2020 08:00
50.1
50.4

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Composite PMI result:

PreviousLatest
Consumer Price Index (EU Norm) (YoY)Bullish change5.5%5.7%
Consumer Price Index (YoY)Bearish change5.4%5.3%
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.3%0.2%
Core Harmonized Index of Consumer Prices (YoY)Bearish change5.3%4.5%
Harmonized Index of Consumer Prices (MoM)Bearish change0.5%0.3%
Harmonized Index of Consumer Prices (YoY)Bearish change5.2%4.3%
Unemployment ChangeBullish change20K10K
Unemployment Rate s.a.(no change)5.7%5.7%
Consumer Price Index (EU norm) (YoY)Bearish change5.7%5.6%
Retail Sales (MoM)Bearish change-0.8%-1.2%
Retail Sales (YoY)Bearish change-2.2%-2.3%
Consumer Price Index (MoM)(no change)0.3%0.3%
Consumer Price Index (YoY)Bearish change6.1%4.5%
Harmonized Index of Consumer Prices (MoM)Bearish change0.4%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change6.4%4.3%
Business ClimateBullish change-0.41-0.36
Consumer Confidence(no change)-17.8-17.8
Economic Sentiment IndicatorBearish change93.693.3
Harmonized Index of Consumer Prices (YoY)Bullish change2.4%3.2%
Gfk Consumer Confidence SurveyBearish change-25.6-26.5
IFO – Business ClimateBearish change85.885.7
IFO – Current AssessmentBearish change8988.7
IFO – ExpectationsBullish change82.782.9
HCOB Manufacturing PMIBearish change43.543.4
HCOB Services PMIBullish change47.948.4
HCOB Composite PMIBullish change44.646.2
HCOB Manufacturing PMIBullish change39.139.8
HCOB Services PMIBullish change47.349.8
HCOB Composite PMIBearish change4643.5
HCOB Manufacturing PMIBearish change4643.6
HCOB Services PMIBearish change4643.9
Gross Domestic Product (QoQ)Bullish change0.4%0.5%
Consumer ConfidenceBearish change-16-17.8
Producer Price Index (MoM)Bullish change-1.1%0.3%
Producer Price Index (YoY)Bearish change-6%-12.6%
Core Harmonized Index of Consumer Prices (MoM)(no change)0.3%0.3%
Core Harmonized Index of Consumer Prices (YoY)(no change)5.3%5.3%
Harmonized Index of Consumer Prices (MoM)Bearish change0.6%0.5%

About S&P Global Composite PMI

Country:Eurozone
Currency:EUR
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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