Greece PMI December 2021

Greece

Greece: Manufacturing PMI edges up in December

January 3, 2022

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.

FocusEconomics Consensus Forecast panelists see fixed investment rising 11.2% in 2022, which is down 0.2 percentage points from last month’s estimate. For 2023, the panel expects fixed investment to expand 8.5%.


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Greece PMI December 2021 0

Note: IHS Markit Purchasing Managers’ Index. Readings above 50 indicate improving operating conditions in the manufacturing sector, while readings below 50 point to worsening conditions.
Source: IHS Markit.


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