The IHS Markit Greece Manufacturing PMI jumped to 51.8 in March of 2021 from 49.4 in the previous month, pointing to the first expansion in factory activity since February of last year. Output and new orders continued to decline, although at a slower pace, amid weak client demand and continued closures in the hospitality and tourism sectors. Meanwhile, supply chain disruptions remained apparent, with vendor performance further deteriorating, which led to a renewed growth in input purchases. As a result, cost burdens increased at an unprecedented rate and firms were able to partially pass on higher input prices to clients, with charges also rising at the steepest rate since the beginning of the series. Finally, Greek manufacturing firms remained upbeat regarding the outlook for output over the coming year and expanded their workforce at the fastest pace since February 2020. source: Markit Economics
Manufacturing PMI in Greece averaged 48.24 points from 2011 until 2021, reaching an all time high of 56.60 points in April of 2019 and a record low of 29.50 points in April of 2020. This page provides the latest reported value for - Greece Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Manufacturing PMI in Greece is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Greece to stand at 54.40 in 12 months time. In the long-term, the Greece Manufacturing PMI is projected to trend around 54.60 points in 2022 and 52.80 points in 2023, according to our econometric models.