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. source: Markit Economics

Manufacturing PMI in Greece averaged 49.20 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 June of 2022.

Manufacturing PMI in Greece is expected to be 54.70 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 53.80 54.80 points May 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
53.80 54.80 59.30 29.50 2011 - 2022 points Monthly
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News Stream
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
Greek Factory Activity Improves Slightly in April
The S&P Global Greece Manufacturing PMI inched up 54.8 in April of 2022, up from an 11-month low of 54.6 in the previous March, reflecting a marginal increase in output and new orders, helped by an improvement in export orders, although many producers said soaring selling prices dampened client demand. Also, production faced intense headwinds from historically elevated input price inflation, as firms were faced with higher prices of materials, such as plastics, chemicals and metals, alongside rising costs of transportation and fuel. Meanwhile, factories continued to add new workers, although the rate of job creation softened to a 7-month low. Looking ahead, optimism levels were at the lowest since October 2020, with the war in Ukraine and prices at the forefront of concerns.
2022-05-03
Greek Factory Activity at 11-Month Low
The S&P Global Greece Manufacturing PMI inched down to an 11-month low of 54.6 in March of 2022, down from 57.8 in the previous February, as output expanded at the softest pace in a year amid a weaker rise in new orders. In March, foreign demand also softened, with export orders falling for the first time in twelve months while total sales increased at the slowest pace in the current 12-month growth sequence. Meanwhile, the rate of job creation accelerated amid efforts to reduce backlogs of work. On the price front, input costs rose to a near-record on the heels of the Russia-Ukraine war, while selling prices at Greek goods producers rose at the sharpest pace since the series began. Given the above, business confidence slipped to a 16-month low in March.
2022-04-01