The IHS Markit Greece Manufacturing PMI slightly fell to 58.4 in September of 2021 from the highest ever reading of 59.3 in the previous month, but still in range of the positive business momentum since April this year. The overall upturn was driven by a steep rise in production and new orders due to higher demand, while export orders accelerated the fastest in three months as Greek firms entered new markets. Consequently, the higher capacity pressure created the sharpest expansion in backlogs of work ever recorded, aiding employment to rise. Meanwhile, transportation delays and materials shortages led to the highest input costs since the start of the series, which firms were partially able to pass on to customers as inflation continues to quicken in the last three months. Looking forward, market expectations for the coming months were strong in September amid confidence of higher client demand as pandemic restrictions continue to lower. source: Markit Economics
Manufacturing PMI in Greece averaged 48.70 points from 2011 until 2021, reaching an all time high of 59.30 points in August of 2021 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 2021.
Manufacturing PMI in Greece is expected to be 58.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Manufacturing PMI is projected to trend around 54.60 points in 2022 and 52.80 points in 2023, according to our econometric models.