The IHS Markit Greece Manufacturing PMI fell to 49.4 in February of 2021 from 50 in the previous month, pointing to a marginal contraction following a stabilization in the country's sector in January. Output and new orders continued to decline amid weak client demand and coronavirus disease restrictions, with rates of contraction quickening. Meanwhile, supply chain disruption remained apparent, with vendor performance deteriorating substantially. As a result, cost burdens increased significantly and at the sharpest rate since October 2000. Firms were able to partially pass on higher input prices, with charges rising at the steepest rate since July 2008. Finally, Greek manufacturing firms remained upbeat, on balance, regarding the outlook for output over the coming year in February. source: Markit Economics
Manufacturing PMI in Greece averaged 48.21 points from 2011 until 2021, 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 March of 2021.
Manufacturing PMI in Greece is expected to be 51.50 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 54.00 in 12 months time. In the long-term, the Greece Manufacturing PMI is projected to trend around 52.80 points in 2022, according to our econometric models.