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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone S&P Global Composite PMI climbed to 49.5 in June 2026
FMPMonthlyReleased June 2026
Eurozone S&P Global Composite PMI climbed to 49.5 in June 2026, up 1 from May's 48.5 reading. The reading matched the 49.1 consensus. S&P Global Composite PMI has now risen for 3 consecutive months.
Latest Release
49.5
Actual
49.1
Consensus
48.5
Previous
Median Absolute Error
±0.6
across last 12 releases
Last Call
Jun 2026
Predicted: 49.05
Actual: 49.5
Error: -0.45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.45 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Composite PMI (European Union) was reported at 49.50 in May 2026. This beat the market consensus of 49.10 by 0.40. The reading rose from the previous value of 48.50. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 48.50, down from the prior three at 49.53.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with EUR/JPY, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.60.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Industrial Production MoM (Jul 15) and Balance of Trade (Jul 16).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Jun 2026): actual 49.5, consensus 49.1. Prior reading (May 2026): 48.5. Before that (May 2026): 47.5.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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