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PMI jumps to 58 points in May, strongest upturn in 20 years
EconomyMacroeconomyGreece’s manufacturing PMI rose to 58 points in May from 54.4 points in April, signalling... on average in 2021, as firms seek to drive sales growth. “May PMI data signalled a further pick-up... growth in new orders, according to Markit. Markit analysts commented that despite the build-up
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PMI growth slows in Feb amid myriad challenges for manufacturing sector
EconomyMacroeconomyGreece’s Manufacturing PMI in February remained almost unchanged at 57.8 points, from 57.9... and output prices increased at the fourth-highest pace on record. Out of all five PMI components, new... in output growth during February, as production rose at the sharpest pace for five months,” Markit analysts
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PMI drops to lowest in more than a year at 53.8 pts, but manufacturing remains on solid ground
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by one point in May to 53.8 points, according to S&P Global data released on Wednesday. May PMI is the lowest in more than one year, but still indicates solid... there was only a marginal expansion in export business’, S&P Global analysts noted. "Ongoing supply disruption
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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by 2.7 points in June to 51.1 points, according to S&P Global data released on Friday. June’s PMI captured only a marginal improvement in the operating conditions... contracted amid some reports of customers pausing or cancelling orders”, said S&P analysts. They added
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Manufacturing slips into contraction for first time since early 2021 as PMI drops by 2 pts in July
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by 2 points to 49.1 in July, according to S&P Global data released on Monday. July’s PMI captured the first decline in operating conditions since February 2021... to lower output,” S&P analysts said. "Despite ever-present risks to growth remaining substantial
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Back-to-back contraction for PMI in Aug reflects tough conditions for manufacturing
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by just 0.3 points in August to 48.8 points, after a 2-point drop to 49.1 in July, according to S&P Global data released on Thursday. August’s PMI captured back... Global analysts noted. They added that "although inflationary pressures remained elevated, rates
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Despite PMI rise of 0.9 pts in Sept, manufacturing stays in contraction for third month
EconomyMacroeconomyGreece’s Manufacturing PMI improved by 0.9 points in September, rising to 49.7 points, from 48.8 points recorded in August, according to S&P Global data released on Monday. September’s PMI captured... and transport expenses on sales,” S&P Global analysts said. They added that “strain on customer spending
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Manufacturers facing headwinds as Nov PMI in contraction for fifth straight month
EconomyMacroeconomyGreece’s Manufacturing PMI remained relatively unchanged in November, rising by 0.3 points from October to 48.4 points, according to S&P Global data released on Thursday. November’s PMI is the fifth... for the year ahead”, S&P Global analysts commented. “Although still well above their respective series trends
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Manufacturing reaches half a year of contraction as PMI drops further in Dec
EconomyMacroeconomyGreece’s Manufacturing PMI dropped further in December to 47.2 points, from 48.4 points in November, according to S&P Global data released on Monday. December’s PMI marks half a year of decline... by soaring energy costs and broad-based economic uncertainty,” S&P analysts commented. They added
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Despite slight moderation of PMI in Jan, manufacturing sentiment improves
EconomyMacroeconomyGreece’s Manufacturing PMI started the new year with a slight moderation, falling to 52.8 points... and new orders in January. Although coming down from the recent highs seen at the end of 2024, PMI...”, noted S&P analysts. "Business confidence ticked higher, and employment continued to grow at a solid
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