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. 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 August of 2022.

Manufacturing PMI in Greece is expected to be 54.30 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 49.10 51.10 points Jul 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
49.10 51.10 59.30 29.50 2011 - 2022 points Monthly
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News Stream
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
Greek Factory Activity at 16-Month Low
The S&P Global Greece Manufacturing PMI decreased to 51.1 in June 2022 from 53.8 in the previous month. It was the lowest reading since February 2021, with production and new orders contracting. Weak domestic and foreign demand also impacted job creation, with employment growth slowing to its slowest pace since March 2021. Meanwhile, price pressures continued to moderate, with both input and output inflation easing to an almost one-year low. Finally, business confidence dropped to the lowest in nearly a year.
2022-07-01
Greek Factory Activity at 14-Month Low
The S&P Global Greece Manufacturing PMI edged down to 53.8 in May of 2022 vs. 54.8 in April, to a 25-months low, reflecting subdued demand conditions. New orders stayed unchanged compared with April, while new export orders expanded at only a marginal pace, as the war in Ukraine weighed on export growth. Output registered an increase showing the softest growth in the current 14-month sequence of growth. At the same time, input inflation pressure was historically elevated as prices of fuel, energy, and material costs continued to grow significantly, however, showing ease to the lowest level since last August. The cost growth lowered input buying activity, and it was the first contraction since February 2021. On the employment side, Greek firms expanded their workforce numbers in the last month. Finally, optimism levels improved, achieving the strongest in three months as some companies were waiting for price stabilization, new investments, and higher client demand.
2022-06-01