The coast of Greece

Greece PMI June 2022

Greece: Manufacturing PMI drops to over one-year low in June; conditions continue to improve

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) came in at 51.1 in June, down from May’s 53.8. June’s result marked the weakest reading since February 2021. As such, the index remained above the 50.0 no-change mark, pointing to a continued, albeit moderating, improvement in business conditions from the previous month.

June’s softened improvement was caused by marginally falling output and decreasing new orders amid rising price pressures and declining purchasing power for customers. Nevertheless, although input prices grew, the pace of increase diminished, translating into slower rises in selling prices. In addition, employment creation eased to the slowest rate since March 2021 as companies attempted to cut costs amid lower production and backlogs of work. Finally, business expectations remained positive, but dropped to their lowest level in nearly two years.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest