Greece PMI August 2019

Greece

Greece: Manufacturing PMI climbs to four-month high in August

September 2, 2019

The IHS Markit manufacturing Purchasing Managers’ Index (PMI) edged up to a four-month high of 54.9 in August from 54.6 in July. As a result, the PMI moved further above the critical 50-point threshold that separates expansion from contraction in business conditions in the manufacturing sector.

August’s upturn reflected faster growth in output and new orders amid upbeat client demand. Firmer demand conditions also led firms to increase their staff levels, with the pace of job creation remaining historically strong. On the price front, both input cost and output charge inflation slowed compared to July. Lastly, confidence among goods-producers inched up to a series-high, owing to their positive assessment over future production.

FocusEconomics Consensus Forecast panelists see fixed investment rising 5.5% in 2019, which is unchanged from the previous month. For 2020, the panel expects fixed investment to expand 4.9%.


Author:, Economist

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Greece PMI Chart


Greece PMI August 2019

Note: IHS Markit Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector, while readings below 50 point to a contraction
Source: IHS Markit


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