Greece Factory Activity Hits Five-Month High
The S&P Global Greece Manufacturing PMI edged up to 54.4 in August from 54.3 in July, signalling a stronger improvement in operating conditions and the strongest expansion since March. New orders grew at the fastest pace since March, supported by stronger client demand, while new export orders increased for a second month. Employment also expanded ...
In August, Greece's manufacturing activity surged to its highest level since March, according to the S&P Global Greece Manufacturing PMI. The figure rose to 54.4 from 54.3 in the previous month, indicating a robust recovery in the sector. New orders surged at the fastest pace since March, spurred by heightened client demand, while export orders climbed for the second consecutive month.
Employment also expanded at the fastest rate since May 2025, as businesses ramped up staff to handle the increased workload. Moreover, purchasing of inputs quickened. However, output growth decelerated due to material shortages and ongoing supply chain disruptions, which hampered production. On the cost side, inflation in input prices heightened due to surging energy, fuel, and material prices, particularly those derived from oil.
Conversely, inflation in output prices moderated to its sluggish pace since February. Business confidence, on the other hand, hit its highest level since January 2024, buoyed by anticipations of higher orders, securing new clients, and investments in new facilities.
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