The IHS Markit Greece Manufacturing PMI decreased to 53.8 in December of 2018 from 54 in the previous month. The rate of job creation eased to a six-month low but remained among the strongest in the series history, with backlogs of work declining at a solid pace. Output and new orders expanded strongly, with export orders accelerating to a three-month high. On the price front, input price inflation softened in December and was at a 27-month low and output cost decreased for the second time in three months, due to increased discounting in an effort to attract clients. Finally, business confidence picked up to a three-month high, driven by stronger client demand and greater investment in new technology. Manufacturing PMI in Greece is reported by Markit Economics.

Manufacturing PMI in Greece is expected to be 53.80 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 52.50 in 12 months time. In the long-term, the Greece Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

Greece Manufacturing PMI
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Greece Business Last Previous Highest Lowest Unit
Business Confidence 101.60 101.80 120.10 75.20 Index Points [+]
Manufacturing PMI 53.80 54.00 56.10 30.20 [+]
Industrial Production 3.10 -0.70 11.90 -13.80 percent [+]
Industrial Production Mom 3.10 -1.20 8.10 -7.70 percent [+]
Manufacturing Production 5.30 -0.70 18.70 -17.50 percent [+]
Capacity Utilization 70.70 70.40 83.80 61.30 percent [+]
New Orders -15.00 -8.00 6.00 -61.00 percent [+]
Car Registrations 5337.00 6893.00 33583.00 3310.00 [+]
Internet Speed 7862.25 7493.34 7862.25 1525.02 KBps [+]
IP Addresses 3133476.00 3041354.00 3386040.00 709673.00 IP [+]
Steel Production 140.00 150.00 261.00 15.00 Thousand Tonnes [+]
Mining Production -4.10 -5.10 39.70 -27.60 percent [+]
Changes In Inventories 1321.00 33.68 3209.81 -1799.02 EUR Million [+]
Competitiveness Index 62.10 61.80 62.10 3.86 Points [+]
Competitiveness Rank 57.00 53.00 96.00 53.00 [+]
Corruption Index 48.00 44.00 53.50 34.00 Points [+]
Corruption Rank 59.00 69.00 94.00 25.00 [+]
Ease of Doing Business 72.00 67.00 109.00 58.00 [+]
Electricity Production 3603.00 3890.00 5876.00 3094.00 Gigawatt-hour [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.80 54.00 56.10 30.20 2011 - 2018 Monthly
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Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18


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