The IHS Markit Greece Manufacturing PMI fell to 42.3 in November of 2020 from 48.7 in the previous month, signaling the sharpest deterioration in the manufacturing sector performance since May. Output, new orders, employment and purchasing activity declined sharply, hit by the reintroduction of coronavirus restrictions. In terms of prices, input inflation was the sharpest since August 2018, amid reports of supplier shortages, greater transportation costs due to increased restrictions and higher raw material prices. However, firms cut output charges at a marginal pace in an effort to remain competitive. Still, goods producers noted a more upbeat outlook for output over the coming year amid hopes of a return to prepandemic production levels by November 2021. source: Markit Economics

Manufacturing PMI in Greece averaged 48.19 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 December of 2020.

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 53.20 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.

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Greece Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
42.30 48.70 56.60 29.50 2011 - 2020 points Monthly
SA


News Stream
Greece Factory Activity Downturn Deepens in November
The IHS Markit Greece Manufacturing PMI fell to 42.3 in November of 2020 from 48.7 in the previous month, signaling the sharpest deterioration in the manufacturing sector performance since May. Output, new orders, employment and purchasing activity declined sharply, hit by the reintroduction of coronavirus restrictions. In terms of prices, input inflation was the sharpest since August 2018, amid reports of supplier shortages, greater transportation costs due to increased restrictions and higher raw material prices. However, firms cut output charges at a marginal pace in an effort to remain competitive. Still, goods producers noted a more upbeat outlook for output over the coming year amid hopes of a return to prepandemic production levels by November 2021.
2020-12-01
Greek Manufacturing PMI Returns to Contraction
The IHS Markit Greece Manufacturing PMI fell to 48.7 in October 2020 from 50 in the previous month, signaling a marginal decline in the health of the goods-producing sector. The sector once again lost momentum towards a recovery as the impacts of the resurgence in the coronavirus disease 2019 pandemic dampened demand. The overall fall was largely due to a renewed drop in output and steeper fall in new orders, as demand among both domestic and external customers was reduced. As a result, spare capacity across the sector increased and firms cut workforce numbers once again. Nonetheless, business confidence strengthened amid hopes of an end to the pandemic.
2020-11-02
Greek Factory Activity Stagnates in September
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.
2020-10-01
Greek Factory Activity Shrinks Less in August
The IHS Markit Greece Manufacturing PMI rose to 49.4 in August of 2020 from 48.6 in the prior month. The rates of decline in output, new orders and export orders softened, as firms continued to resume operations following temporary shutdowns due to the virus outbreak. Also, employment grew for the first time in six months. Purchasing activity continued to decrease but at the slowest pace in six months while stocks of finished goods rose the most since October of 2008. On the price front, inflationary pressures intensified as input price inflation picked up to a seven-month high. Meanwhile, output charges continued to fall in an effort to boost sales. Looking forward, business sentiment ticked up to six-month high, on hopes of new client acquisitions and stronger customer demand over the coming year.
2020-09-01

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.