The IHS Markit Greece Manufacturing PMI rose to 54.4 in January 2020 from 53.9 in the previous month, signalling the fastest overall improvement in the health of the manufacturing sector since last August, and a solid start to 2020. Production and new orders increased at a faster pace, with new export orders growing the most since last April. In addition, the rate of job creation was the strongest since the series began in May 1999, amid greater production requirements and investment. At the same time, pressure on capacity continued to decrease, as backlogs of work fell for the twelfth successive month. That said, the reduction in outstanding business was only fractional overall. On the price front, input costs rose at a marked pace that was the fastest since March 2019. Output charges, however, were broadly unchanged from those seen in December. Looking ahead, business confidence was the highest since data collection began in July 2012.
Manufacturing PMI in Greece averaged 48.43 points from 2011 until 2020, reaching an all time high of 56.60 points in April of 2019 and a record low of 30.20 points in July of 2015. 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. source: Markit Economics
Manufacturing PMI in Greece is expected to be 52.50 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 52.90 in 12 months time. In the long-term, the Greece Manufacturing PMI is projected to trend around 52.40 points in 2021, according to our econometric models.