Purchasing managers' index (PMI) · Euro Area
Euro Area S&P Global Construction PMI
The Euro Area S&P Global Construction PMI is a monthly survey of purchasing managers in the Euro Area that measures whether business activity, new orders, employment and prices are rising or falling.
- Importancia
- Medium
- Próxima publicación
- Divisa
- EUR · euro
- Banco central
- The European Central Bank
Últimas cifras
El último dato, de OCT, se publicó el 2026-11-05 y fue 42.5. Es menos que 43.4 la vez anterior.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 5 Nov 2026 | OCT | 42.5 | – | 43.4 |
| 6 Oct 2026 | SEP | 43.4 | – | 43.0 |
Por qué importa
PMIs are among the first data published for each month, weeks before official output figures, and they have a good record of tracking GDP. A reading above 50 means growth, below 50 contraction. Flash (preliminary) PMIs for the major economies can move currencies and stock indices strongly.
Cómo se calcula
Companies answer whether each item (output, new orders, employment, delivery times, stocks of purchases) is higher, the same or lower than a month earlier. Each answer set becomes a diffusion index; the manufacturing headline is a weighted average of five of them, the services headline is the activity question.
Diffusion index = % higher + ½ × % same
Manufacturing PMI = 0.30 new orders + 0.25 output + 0.20 employment + 0.15 delivery times (inverted) + 0.10 stocksQué significan los cambios
- Above 50 and rising: an accelerating economy, supportive for the euro and local stocks.
- The composite PMI combines manufacturing and services and is the best single guide to GDP.
- Look at new orders (future activity) and prices charged (inflation pressure).
Mayor de lo esperado: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Menor de lo esperado: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
Una breve historia
The PMI method comes from the US purchasing managers' survey of the 1940s; the PMIs now produced for more than 40 countries started in the UK in 1992 and spread across Europe and Asia in the following decades.
Preguntas
What is the Euro Area S&P Global Construction PMI?
The Euro Area S&P Global Construction PMI is a monthly survey of purchasing managers in the Euro Area that measures whether business activity, new orders, employment and prices are rising or falling.
What was the latest Euro Area S&P Global Construction PMI?
42.5 for OCT, published on 5 November 2026.
When is the next Euro Area S&P Global Construction PMI?
On Friday 4 December 2026 at 08:30 UTC.
Why is 50 the key level of a PMI?
It is the point where as many companies report improvement as report deterioration: above it, activity is growing.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.