The IHS Markit Greece Manufacturing PMI decreased to 52.4 in June 2019 from 54.2 in the previous month. It was the weakest reading since November 2017. New orders growth eased sharply from April's recent high, and was the softest since October 2017; and export orders rose only marginally. Meanwhile, output increased solidly, though at the slowest pace since October 2018. Also, the pace of job creation softened and backlogs of work fell for the fifth straight month. In terms of prices, input inflation eased to the slowest since July 2016 and output prices fell again, as increased competition had driven discounting and promotional activity. Finally, firms remained strongly optimistic towards output growth over the coming 12 months, amid expectations of a sustained rise in client demand. Manufacturing PMI in Greece is reported by Markit Economics.

Manufacturing PMI in Greece is expected to be 52.60 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 52.50 in 12 months time. In the long-term, the Greece Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

Greece Manufacturing PMI
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Greece Business Last Previous Highest Lowest Unit
Business Confidence 101.00 100.80 120.50 75.30 Index Points [+]
Manufacturing PMI 52.40 54.20 56.60 30.20 [+]
Industrial Production -1.20 1.70 11.90 -13.80 percent [+]
Industrial Production Mom -0.60 -2.60 8.00 -7.70 percent [+]
Manufacturing Production -0.20 -0.40 18.70 -17.50 percent [+]
Capacity Utilization 72.30 70.30 83.80 61.30 percent [+]
New Orders -12.00 -14.00 6.00 -61.00 percent [+]
Car Registrations 13131.00 13828.00 33583.00 3310.00 [+]
Internet Speed 7862.25 7493.34 7862.25 1525.02 KBps [+]
IP Addresses 3133476.00 3041354.00 3386040.00 709673.00 IP [+]
Steel Production 115.00 130.00 261.00 15.00 Thousand Tonnes [+]
Mining Production -16.40 0.70 39.50 -32.10 percent [+]
Changes In Inventories 1135.26 1075.23 3209.81 -1799.02 EUR Million [+]
Competitiveness Index 62.10 61.80 62.10 3.86 Points [+]
Competitiveness Rank 57.00 53.00 96.00 53.00 [+]
Corruption Index 45.00 48.00 53.50 34.00 Points [+]
Corruption Rank 67.00 59.00 94.00 25.00 [+]
Ease of Doing Business 72.00 67.00 109.00 58.00 [+]
Electricity Production 1976.00 3183.00 5876.00 1976.00 Gigawatt-hour [+]


Greece Manufacturing PMI

The Markit Greece Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 350 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.40 54.20 56.60 30.20 2011 - 2019 Monthly
SA




Country Last Previous
Australia 49.43 Jun/19
Brazil 51.00 Jun/19
Canada 49.20 Jun/19
China 49.40 Jun/19
Euro Area 47.60 Jun/19
France 51.90 Jun/19
Germany 45.00 Jun/19
India 52.10 Jun/19
Indonesia 50.60 Jun/19
Italy 48.40 Jun/19
Japan 49.30 Jun/19
Mexico 49.20 Jun/19
Netherlands 50.70 Jun/19
Russia 48.60 Jun/19
Saudi Arabia 57.40 Jun/19
Singapore 49.60 Jun/19
South Africa 46.20 Jun/19
South Korea 47.50 Jun/19
Spain 47.90 Jun/19
Switzerland 47.70 Jun/19
Turkey 47.90 Jun/19
United Kingdom 48.00 Jun/19
United States 50.60 Jun/19


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