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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone S&P Global Composite PMI fell to 51.9 Points in October 2026
FMPMonthlyReleased October 2026
Eurozone S&P Global Composite PMI fell to 51.9 Points in October 2026, down 1.2 Points from September's 53.1 Points reading. The reading matched the 52.7 Points consensus. Over the past 3 months, S&P Global Composite PMI averaged 52.46 Points, vs 49.24 Points in the prior 3-month window. The reading is in the 57th percentile of the trailing 24-month range.
Latest Release
51.9
Actual
52.7
Consensus
53.1
Previous
Median Absolute Error
±0.47
across last 12 releases
Last Call
Oct 2026
Predicted: 52.88
Actual: 51.9
Error: +0.98
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
S&P Global Composite PMI (European Union) was reported at 51.90 Points in September 2026. This missed the market consensus of 52.70 Points by 0.80 Points. The reading fell from the previous value of 53.10 Points. Over the past 12 months, the indicator has averaged 51.05 Points, ranging from 47.50 Points to 53.10 Points across 12 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 52.70 Points, up from the prior three at 52.03 Points.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.47 Points.
WHAT TO WATCH NEXT
The next release is scheduled for November 4, 2026. Same-country events in the next 14 days include CFTC EUR speculative net positions (Oct 30) and Inflation Rate YoY (Nov 4).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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S&P Global Composite PMI - EU
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About S&P Global Composite PMI — European Union
DEFINITION
The S&P Global Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country by combining the manufacturing and services sectors. It provides valuable insights into the current state of the economy, as well as future trends, and is used by investors, policymakers, and businesses to make informed decisions. With its comprehensive and timely data, the S&P Global Composite PMI is a crucial tool for understanding the performance of the global economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 51.9 Points, consensus 52.7 Points. Prior reading (Sep 2026): 53.1 Points. Before that (Sep 2026): 53.1 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - EU Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | EU | Industrial Sentiment | -3.4 | -3.9 | -3.8 | -3.60 | Low |
| 10:00 | EU | Consumer Inflation Expectation | 33.9 | 34.7 | 38 | 35.95 | Low |
| 10:00 | EU | Selling Price Expectations | 24.8 | 20.8 | 22 | 23.40 | Low |
| 10:00 | EU | Services Sentiment | 5.3 | 5.9 | 5.9 | 5.60 | Low |
| 10:00 | EU | Economic Sentiment | 96.9 | 97.5 | 97.5 | 97.20 | Medium |
| 10:00 | EU | Consumer Confidence | -17.9 | -16.8 | -17.9 | -17.90 | Low |
| 13:15 | EU | Deposit Facility Rate | 2.5 | 2.5 | 2.5 | 2.50 | High |
| 13:15 | EU | Interest Rate Decision | 2.65 | 2.65 | 2.65 | 2.65 | High |
| 13:15 | EU | Marginal Lending Rate | 2.9 | 2.9 | 2.9 | 2.90 | Low |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | EU | GDP Growth Rate QoQ | 0.4 | 0.6 | 0.2 | 0.30 | High |