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Greece PMI November 2023

Greece: Manufacturing PMI rises in November

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose to 50.9 in November from October’s 50.8. As a result, the index moved further above the 50.0 no-change threshold, signaling a somewhat faster improvement in manufacturing sector operating conditions compared to the previous month.

In November, output levels rose for the tenth consecutive month, as firms worked through their backlogs of work. Moreover, companies expanded their employment levels and increased their purchasing activity. On the flip side, new orders stagnated, dented by weaker foreign demand: New export sales fell for the third successive month and at the sharpest rate since February.

On the price front, input cost inflation eased while output charge inflation rose, as firms aimed for healthier margins. Lastly, sentiment among manufacturers improved thanks to projected capital investments and long-term business development plans.

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