The IHS Markit Greece Manufacturing PMI slightly eased to 58.8 in November of 2021 from 58.9 in the previous month, but pointed to the 9th straight month of expansion in the sector. The overall upturn was driven by elevated expansions in output and a sharp rise in new orders, linked to greater client demand. On the other hand, firms reported to struggle with material shortages, resulting in record high input prices. The supply-chain disruptions and inflationary pressure led to series record in the backlogs of work, hampering further production potential. Consequently, employment growth quickened to a five-month high. Looking forward, expectations regarding future production increased, as business confidence was lifted by higher client demand. source: Markit Economics
Manufacturing PMI in Greece averaged 48.86 points from 2011 until 2021, 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 December of 2021.
Manufacturing PMI in Greece is expected to be 55.10 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 2022 and 52.80 points in 2023, according to our econometric models.