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.

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Greece Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.40 51.80 56.60 29.50 2011 - 2021 points Monthly
SA


News Stream
Greek Factory Activity Growth at 14-Month High
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.
2021-05-04
Greek Factory Activity Growth at 13-Month High
The IHS Markit Greece Manufacturing PMI jumped to 51.8 in March of 2021 from 49.4 in the previous month, pointing to the first expansion in factory activity since February of last year. Output and new orders continued to decline, although at a slower pace, amid weak client demand and continued closures in the hospitality and tourism sectors. Meanwhile, supply chain disruptions remained apparent, with vendor performance further deteriorating, which led to a renewed growth in input purchases. As a result, cost burdens increased at an unprecedented rate and firms were able to partially pass on higher input prices to clients, with charges also rising at the steepest rate since the beginning of the series. Finally, Greek manufacturing firms remained upbeat regarding the outlook for output over the coming year and expanded their workforce at the fastest pace since February 2020.
2021-04-01
Greek Factory Activity Contracts Marginally in February
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.
2021-03-01
Greek Factory Activity Stabilizes in January
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.
2021-02-01

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.