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.