Greece: Manufacturing PMI edges up in December
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 59.0 in December, slightly above November’s 58.8. As a result, the PMI moved further above the critical 50-threshold, signaling another robust improvement in operating conditions in the manufacturing sector compared to the previous month.
December’s result largely reflected higher output and another solid expansion in new business—albeit easing to a five-month low—against the backdrop of healthy domestic and foreign client demand. Moreover, manufacturers increased their headcounts at the sharpest rate since February, while firms turned more optimistic with regard to output expectations. On the price front, material shortages kept input cost inflation elevated, resulting in a notable increase in output charges as firms sought to protect their margins.