6 May | Euro

European Union. Markit Composite PMI. The value of the indicator has increased from 50.1 to 50.4

A report on this calendar event is released monthly by the S&P Global.

Business confidence indices are a big group of macroeconomic indicators, showing the current state and the prospects of doing business in the country. These are one of the earliest indicators to assess the economic situation, that’s why their role as leading indicators is especially important.

There are many different indices reflecting the conditions of doing business and manager’s expectations concerning the future: indices of the current conditions — to understand a current sentiment; expectations indices — to forecast the prospects; indices of industry and indices of the service sector; indices of new orders, employment, delivery, prices, etc.

A significant part of business planning is based on this data. The data concerning business confidence are used to forecast the necessary level of stockpiles (both raw material and final product), prices, number of staff, etc.

In general, the necessary budget for proper business functioning is based on the forecast concerning the business confidence.

Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the rise in quotes of EUR.

Marketcheese MarketCheese
Period: 25.09.2025 Expectation: 200 pips
Buying natural gas with $3.230 target on seasonal demand and technical pullback
Yesterday at 11:11 AM 140
Period: 22.09.2025 Expectation: 10000 pips
ETHUSD set to rise after descending channel breakout
Yesterday at 10:37 AM 134
Brent sell
Period: 30.11.2025 Expectation: 700 pips
Selling Brent crude with target of $60 per barrel
Yesterday at 10:32 AM 98
Gold sell
Period: 31.10.2025 Expectation: 40000 pips
Selling gold after Fed meeting
Yesterday at 09:11 AM 138
Expectation: 1250 pips
Selling USDJPY with 146.450 target while anticipating BoJ rate decision
Yesterday at 06:40 AM 154
Period: 17.09.2025 Expectation: 500 pips
Buying SPX on 0.5% Fed rate cut
17 September 2025 275
Go to forecasts