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.

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Greece Manufacturing PMI


News Stream
Greece Factory Growth Eases from Record in September
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.
2021-10-01
Greece August Factory Growth Fastest In Over 21 Years
The IHS Markit Greece Manufacturing PMI jumped to 59.3 in August of 2021 from 57.4 in the previous month, boosted by sharper expansions in production and new orders. It marked the strongest improvement in the operating conditions since April 2000. New orders inflows expanded significantly as client demand was the steepest since May 2000 due to further reopening of the economy and growth in key overseas markets. New export orders rose at a quicker rate than seen in July. Production levels growth was also the strongest since April 2000 due to greater new order inflows and increased client demand. Moreover, employment increased at a faster rate as manufacturers hiked hiring to reduce pressure on capacity. Meanwhile, both input costs and output charges remained elevated amid severe supplier shortages and greater global demand for inputs. Looking forward, output expectations for the year ahead improved during August and business confidence, was strong overall and above the series average.
2021-09-01
Greek Factory Activity Remains Strong in July
The IHS Markit Greece Manufacturing PMI went down to 57.4 in July of 2021 from 58.6 in the previous month. The latest improvement in operating conditions across the Greek manufacturing sector was the third-fastest in over 21 years and sharp overall despite the headline index dipping to a three-month low, supported by sustained production and new order growth. Rates of expansion in output and new sales remained historically elevated. There were some reports, however, that production growth was constrained by material shortages and pressure on competitiveness following another increase in selling prices. The need to pass-through costs stemmed from a near-record rise in input prices amid severe supply-chain disruption. As a result of poor vendor performance and an uncertain supply flow, business confidence slipped to the lowest in four months.
2021-08-02
Greece Factory Growth Strongest in 21 Years
The IHS Markit Greece Manufacturing PMI jumped to 58.6 in June of 2021 from 58 in the previous month, marking the strongest growth in factory activity since April 2000. New orders rose the most in 21 years, amid stronger client demand from both domestic and foreign markets. Output, employment and purchasing activity also continued to increase sharply, although firms highlighted heightened pressure on capacity. Subsequently, inflationary pressures intensified with both input inflation and selling price inflation accelerating to the fastest on record. Finally, business sentiment moderated slightly amid supply chain uncertainty but it was above the series average.
2021-07-01

Greece Last Unit Reference Previous Highest Lowest
Manufacturing PMI 58.40 points Sep/21 59.30 59.30 29.50


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.