The coast of Greece

Greece PMI January 2019

Greece: Manufacturing PMI ticks down in January

The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched down to a three-month low of 53.7 points in January from 53.8 points in December. Despite the downtick, the PMI lies comfortably above the critical 50-point threshold that separates expansion from contraction in business conditions in the manufacturing sector, where it has been for over a year.

January’s print was supported by solid growth in production, new orders and job creation. Output expanded at one of the fastest rates since early-2018 while new orders continued to rise strongly in January on the back of greater local and foreign demand. Notably, growth in new export orders quickened to a one-year high despite ongoing global trade tensions. Amid greater output requirements, manufacturers also stepped up their staff intake, with employment increasing at the join-fastest rate on record in January. On the price front, input cost inflation eased to an over two-year low and firms lowered output prices in a bid to attract new clients. Lastly, business confidence increased to one of the highest levels in series history due to an upbeat outlook by firms.

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