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.