The S&P Global Greece Manufacturing PMI rose to 53.2 in December 2024, up from 50.9 in November, signaling the strongest improvement in manufacturing activity since July. This was driven by faster expansion in output and new orders, supported by strong demand from both domestic and international clients, with exports to the US, Europe, Asia, and the Middle East seeing notable increases. Employment also rebounded, rising at the fastest pace in five months as businesses responded to higher workloads and improved confidence, which reached a seven-month high. Moreover, input buying accelerated, while backlogs of work declined at a slower rate. Regarding prices, input cost inflation intensified, climbing at the fastest rate since July due to supply shortages, leading manufacturers to increase output prices at the steepest pace since August. Despite ongoing supply chain issues, optimism remained high, bolstered by expectations of strong demand and new product launches in 2025. source: S&P Global

Manufacturing PMI in Greece increased to 53.20 points in December from 50.90 points in November of 2024. Manufacturing PMI in Greece averaged 49.68 points from 2011 until 2024, 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.

Manufacturing PMI in Greece increased to 53.20 points in December from 50.90 points in November of 2024. Manufacturing PMI in Greece is expected to be 51.60 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 53.80 points in 2026, according to our econometric models.




Related Last Previous Unit Reference
Business Confidence 106.00 106.20 points Dec 2024
Capacity Utilization 78.00 78.20 percent Dec 2024
Car Registrations 10670.00 9672.00 Units Nov 2024
Changes in Inventories 1527.82 2101.45 EUR Million Sep 2024
Corruption Index 49.00 52.00 Points Dec 2023
Corruption Rank 59.00 51.00 Dec 2023
Electricity Production 3752.99 3783.60 Gigawatt-hour Oct 2024
Industrial Production YoY -2.90 2.60 percent Oct 2024
Industrial Production Mom 0.60 -2.30 percent Oct 2024
Manufacturing Production -3.00 5.20 percent Oct 2024
Mining Production -8.70 9.60 percent Oct 2024
Natural Gas Stocks Capacity 2.58 2.58 TWh Jan 2025
Natural Gas Stocks Inventory 1.65 1.65 TWh Jan 2025
New Orders -9.00 -1.00 percent Oct 2024

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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
Greek Manufacturing Activity Growth Strongest in 5 Months
The S&P Global Greece Manufacturing PMI rose to 53.2 in December 2024, up from 50.9 in November, signaling the strongest improvement in manufacturing activity since July. This was driven by faster expansion in output and new orders, supported by strong demand from both domestic and international clients, with exports to the US, Europe, Asia, and the Middle East seeing notable increases. Employment also rebounded, rising at the fastest pace in five months as businesses responded to higher workloads and improved confidence, which reached a seven-month high. Moreover, input buying accelerated, while backlogs of work declined at a slower rate. Regarding prices, input cost inflation intensified, climbing at the fastest rate since July due to supply shortages, leading manufacturers to increase output prices at the steepest pace since August. Despite ongoing supply chain issues, optimism remained high, bolstered by expectations of strong demand and new product launches in 2025.
2025-01-02
Greek Manufacturing Activity Growth Weakens in November
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.
2024-12-02
Greek Manufacturing PMI Rebounds
The S&P Global Greece Manufacturing PMI rose to 51.2 in October of 2024 from the one-year low of 50.3 in the previous month, pointing to some traction in the Greek factory activity, and contrasting with the pessimistic momentum in manufacturing from major Eurozone members. The expansion in activity took place despite a fresh decline in new orders, pressured by lower demand both from domestic and foreign markets. Still, output continued to increase as factories relied on work backlogs to deliver, rebounding from the drop in production at the end of the third quarter. In turn, post-production inventories also rose. On the price front, higher costs for energy, oil, supplier fees, and input shortages supported input inflation, although price growth remained below the series average. Consequently, selling charges also rose at a moderate pace. Looking forward, Greek companies continued to show strong business confidence.
2024-11-01