The IHS Markit Greece Manufacturing PMI rose to 46.9 in December of 2020 from 42.3 in the previous month, signaling a solid but softer deterioration in the manufacturing sector. Output, new orders and employment continued to fall but at slower rates, amid extended lockdown measures. Also, new export orders decreased markedly amid weak foreign client demand. In terms of prices, cost burdens rose at the sharpest rate since March 2011, mainly due to marked supplier shortages and delays. Finally, the degree of confidence rose to the strongest since February, amid hopes of an end to the pandemic and positive vaccine news. source: Markit Economics
Manufacturing PMI in Greece averaged 48.18 points from 2011 until 2020, 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 January of 2021.
Manufacturing PMI in Greece is expected to be 51.50 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 54.00 in 12 months time. In the long-term, the Greece Manufacturing PMI is projected to trend around 52.80 points in 2022, according to our econometric models.