The IHS Markit Greece Manufacturing PMI went up to a seven-month high of 50 in September 2020 from 49.4 in the previous month. Output expanded for the first time since February amid reports of improvements in demand conditions. At the same time, new orders fell at the softest pace in three months, in line with export sales. Additionally, the job creation rate accelerated to the quickest in seven months, as manufacturers expanded their workforce numbers further. On the price front, input cost inflation rose to an eight-month high linked to raw material shortages and capacity issues at suppliers, while output charges fell at the fastest pace since June amid competition and efforts to boost sales. Lastly, sentiment deteriorated to below the series average on the back of uncertainty surrounding the coronavirus pandemic.
Manufacturing PMI in Greece averaged 48.24 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 October of 2020. source: Markit Economics
Manufacturing PMI in Greece is expected to be 51.40 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 52.90 in 12 months time. In the long-term, the Greece Manufacturing PMI is projected to trend around 54.00 points in 2021 and 52.80 points in 2022, according to our econometric models.