The coast of Greece

Greece PMI December 2017

Greece: PMI hits near decade-high in December

The Greek economy ended 2017 on a positive note according to the IHS Markit manufacturing Purchasing Managers’ Index (PMI). The PMI rose in December, increasing from November’s 52.2 to 53.1. December’s result marked the best reading since June 2008.The index lies above the 50-threshold, which signifies an expansion in the manufacturing sector.

Behind the improvement was record high business confidence and booming growth in new orders. New orders rose at the fastest pace in nearly 10 years. Firms also hired additional staff for the eighth consecutive month in December and ramped up input buying to support production. On the price front, input price inflation was broadly unchanged, while selling prices declined despite robust client demand.

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