Greece Manufacturing PMI

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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.

Latest Updates

The S&P Global Greece Manufacturing PMI fell to 50.9 in November 2024 from 51.2 in the previous month, marking the second-slowest growth rate in manufacturing activity for the year. Output experienced a slight increase, supported by adequate production capacity and inventory levels, which accommodated a modest rise in new orders. However, employment returned to contraction, with staffing levels declining due to labor shortages and a reduction in temporary workers. On the pricing front, input cost inflation accelerated at its fastest pace in three months, driven by higher raw materials and energy prices. Consequently, output prices rose sharply, marking the steepest rate since August, as firms successfully passed on higher costs to customers despite subdued demand conditions. Looking ahead, business confidence improved in November.