The S&P Global Greece Manufacturing PMI increased to 49.7 in September 2022 from 48.8 in the previous month. Firms signaled a sharp decline in production following a continued contraction in new orders linked with demand and soaring prices. Weak domestic and foreign demand also impacted job creation, with employment registering a second monthly fall. On the price front, input costs increased amid higher material and energy expenses, which firms passed down to customers. Still, manufacturers remained confident of a rise in output over the next 12 months. source: Markit Economics

Manufacturing PMI in Greece averaged 49.21 points from 2011 until 2022, reaching an all time high of 59.30 points in August of 2021 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 October of 2022.

Manufacturing PMI in Greece is expected to be 54.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Manufacturing PMI is projected to trend around 54.60 points in 2023 and 52.80 points in 2024, according to our econometric models.

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Greece Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 49.70 48.80 points Sep 2022

Greece Manufacturing PMI
The Markit Greece Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 350 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
49.70 48.80 59.30 29.50 2011 - 2022 points Monthly
SA

News Stream
Greek Factory Activity Remains in Contraction
The S&P Global Greece Manufacturing PMI increased to 49.7 in September 2022 from 48.8 in the previous month. Firms signaled a sharp decline in production following a continued contraction in new orders linked with demand and soaring prices. Weak domestic and foreign demand also impacted job creation, with employment registering a second monthly fall. On the price front, input costs increased amid higher material and energy expenses, which firms passed down to customers. Still, manufacturers remained confident of a rise in output over the next 12 months.
2022-10-03
Greece Manufacturing Activity Lowest Since December 2020
The S&P Global Greece Manufacturing PMI fell to 48.8 in August 2022 from 49.1 in July, the lowest reading since December 2020. A sharper decrease in production and weak domestic and foreign client demand contributed to the overall decline. Additionally, lower new order inflows made manufacturers scale back their staff for the first time since December 2020. Also, work backlogs continued to fall as pressure on capacity eased. On the price front, rates of input cost and output charge inflation eased amid reports of some raw material prices falling. Meanwhile, output expectations strengthened on hopes of an increase in demand.
2022-09-02
Greece Manufacturing PMI Points to 1st Factory Contraction in Over a Year
The S&P Global Greece Manufacturing PMI fell to 49.1 in July of 2022 from 51.1 in June, pointing to the first contraction in factory activity since February last year, due to declines in production and new orders, with client demand under greater pressure following price hikes. Weak demand conditions and lower production requirements freed up capacity as backlogs of work fell sharply. In turn, employment rose only fractionally as some firms cut workforce numbers. On the price front, both input and output charges rose at the softest paces since January and August 2021, respectively. Finally, output expectations regarding the year ahead improved amid hopes of greater price stability and new sales growth.
2022-08-01