The coast of Greece

Greece PMI July 2023

Greece: Manufacturing PMI rises to over one-year high in July

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose to 53.5 in July from June’s 51.8. July’s result marked the best performance since May 2022. As such, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in manufacturing sector operating conditions compared to the previous month.

In July, both domestic and foreign demand strengthened further. Consequently, new orders rose at a quicker pace, which in turn led to an acceleration in output growth and a renewed expansion in purchasing activity. Additionally, firms expanded their headcounts at a faster rate. Meanwhile, supplier shortages caused an increase in supply delivery times. On the price front, input costs fell for the third consecutive month thanks to lower raw material prices. That said, output charges were broadly unchanged. Lastly, sentiment among manufacturers worsened, hampered by prospects of subdued demand, and higher interest rates.

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