Greece Manufacturing PMI2011-2021 Data | 2022-2023 Forecast | Calendar | Historical

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.

The IHS Markit Greece Manufacturing PMI rose to 50 in January of 2021 from 46.9 in the previous month, pointing to a stabilization in the country's sector after three consecutive months of decline. Output and new orders continued to contract although at a slower pace, amid still-subdued demand conditions. Export orders fell sharply, as restrictive measures across key export destinations also weighed on foreign client demand. Input purchasing and inventories continued to decline amid a further fall in production requirements. Meanwhile, supply-chain disruptions persisted. As a result, there was a marked increase in cost burdens which rose at the sharpest rate since July 2008. Meantime, output charges rose for the first time since February 2020, albeit only fractionally. Finally, business sentiment reached the highest since February 2020, on hopes of a successful vaccination roll-out and greater client demand.

The IHS Markit Greece Manufacturing PMI rose to 46.9 in December of 2020 from 42.3 in the previous month, signaling a solid but softer deterioration in the manufacturing sector. Output, new orders and employment continued to fall but at slower rates, amid extended lockdown measures. Also, new export orders decreased markedly amid weak foreign client demand. In terms of prices, cost burdens rose at the sharpest rate since March 2011, mainly due to marked supplier shortages and delays. Finally, the degree of confidence rose to the strongest since February, amid hopes of an end to the pandemic and positive vaccine news.

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.