The IHS Markit Greece Manufacturing PMI decreased slightly to 53.9 in December of 2019 from 54.1 in the prior month. Output growth remained strong in December, despite the pace of expansion easing to one of the slowest in 2019 while new order volumes continued to increase but softened to a six-month low. Meanwhile, new export orders rose sharply in December while firms increased their workforce numbers at the fastest rate since April. On the price front, both input and output cost advanced at a faster pace in the last month of 2019. Finally, business confidence remained strongly optimistic.

Manufacturing PMI in Greece averaged 48.37 points from 2011 until 2019, reaching an all time high of 56.60 points in April of 2019 and a record low of 30.20 points in July of 2015. 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. source: Markit Economics

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 52.20 in 12 months time. In the long-term, the Greece Manufacturing PMI is projected to trend around 52.40 points in 2020, according to our econometric models.

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Greece Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.90 54.10 56.60 30.20 2011 - 2019 points Monthly
SA

News Stream
2019-12-02
Greek Factory Activity Growth Improves In November
The IHS Markit Greece Manufacturing PMI rose to 54.1 in November of 2019 from 53.5 in the previous month. Overall growth was driven by sharper expansion in output and new orders while stronger domestic and foreign demand led to a quicker rise in employment. On the front price, both input price and output charge inflation advanced at a faster pace in November. Finally, business confidence among manufacturers regarding the future output growth improved.

2019-11-01
Greek Factory Activity Remains Strong in October
The IHS Markit Greece Manufacturing PMI edged down to 53.5 in October 2019 from 53.6 in the previous month. The reading pointed to the fastest expansion in manufacturing activity since June but remained comfortably above the long-run series average of 49.8. New orders rose at a slightly slower rate while new export orders growth quickened from that seen in September. Also, the rate of job creation ticked up to the joint-fastest since April. On the price front, input prices rose at a historically subdued pace as lower prices for metals eased pressure on cost burdens; while output costs fell for the first time in four months amid efforts to stay competitive. Finally, business confidence remained robust as manufacturers reported more favourable financial conditions and stronger demand.

2019-10-01
Greek Factory Activity Growth at 3-Month Low
The IHS Markit Greece Manufacturing PMI dropped to 53.6 in September 2019 from 54.9 in the previous month. The latest reading pointed to the slowest expansion in manufacturing activity since June, as output and exports rose the least in three months and the rate of job creation slowed to the second-weakest since the end of 2017. Meanwhile, new business growth remained sharp overall and among the fastest seen in the past 12 years. Also, firms registered a strong increase in input buying. Regarding prices, both input price inflation and output charge inflation were only marginal overall. Finally, output expectations over the next twelve months were strong and above the series trend, buoyed by favourable domestic demand conditions.

2019-09-02
Greek Factory Activity Growth at 4-Month High
The IHS Markit Greece Manufacturing PMI rose to 54.9 in August of 2019 from 54.6 in the previous month. The latest reading pointed to the highest expansion in the manufacturing sector in four months, with overall growth driven by a strong client demand and a sharp rise in new business while new export orders rose at the fastest pace in three months. In addition, manufactures also signalled a strong rise in employment, with backlogs decreasing further. On the front price, both input price and output charge inflation eased in August. Finally, business confidence among manufacturers regarding the future output growth rose to a fresh new high.


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.