The IHS Markit Greece Manufacturing PMI rose to 54.4 in April of 2021 from 51.8 in the previous month, reaching its highest value since the beginning of pandemic. The most important signal was given by a rebound in output and new orders in the beginning of the second quarter, amid a loosening of COVID-19 restrictions, and growing domestic demand. Subsequently, manufacturers hired new workers at the fastest pace since the outbreak of the pandemic. On a more negative note, vendor performance deteriorated as delivery times lengthened and raw materials went scarce, leading to the sharpest increase in producer inflation, whose burden was in part shifted to consumers. Lastly, business confidence is improving across the manufacturing sector driven by brighter outlooks concerning the current health crisis. source: Markit Economics
Manufacturing PMI in Greece averaged 48.29 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 May of 2021.
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 54.40 in 12 months time. In the long-term, the Greece Manufacturing PMI is projected to trend around 54.60 points in 2022 and 52.80 points in 2023, according to our econometric models.