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.