Greece PMI June 2021

Greece

Greece: Manufacturing PMI jumps in June

July 1, 2021

The IHS Markit manufacturing Purchasing Managers’ Index (PMI) came in at 58.6 in June, inching above May’s 58.0 reading and logging the best result in over 21 years. As a result, the PMI moved further north from the critical 50-threshold, signaling a strong improvement of operating conditions in the manufacturing sector compared to the previous month.

June’s improvement largely reflected a solid expansion in new business, on the back of firming domestic and foreign demand. Moreover, a notable increase in employment levels also contributed to the headline reading. That said, output growth, albeit marked, eased from the prior month, weighed on by supply-side disruptions, amid notable transportation delays. Against this backdrop, input cost inflation rose at a record rate, resulting in a spike in selling prices at the quickest pace in series’ history.

FocusEconomics Consensus Forecast panelists see fixed investment rising 6.8% in 2021, which is up 1.7 percentage points from last month’s estimate. For 2022, the panel expects fixed investment to expand 10.2%.


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Greece PMI June 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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