Greece Factory Activity Expands Further

2026-07-01 08:19 By Judith Sib-at 1 min. read

The S&P Global Greece Manufacturing PMI rose to 53.8 in June 2026 from 53.3 in May, signaling the strongest improvement in the health of the goods-producing sector since March.

Total new orders increased at the fastest pace in three months, with companies citing a broader pickup in demand, while some also pointed to customer stockpiling efforts.

Production also expanded at its quickest rate since March.

However, firms reported a fifth monthly decline in new export orders.

Meanwhile, companies increased staffing levels, leading to a renewed drop in backlogs of work.

Input buying rose solidly and at the fastest pace since March, although another marked lengthening in supplier delivery times continued to complicate efforts to replenish inventories.

At the same time, inflationary pressures cooled somewhat, but rates of increase in input prices and output charges remained historically elevated.

Finally, goods producers were more upbeat about the outlook for output over the coming year.



News Stream
Greece Factory Activity Expands Further
The S&P Global Greece Manufacturing PMI rose to 53.8 in June 2026 from 53.3 in May, signaling the strongest improvement in the health of the goods-producing sector since March. Total new orders increased at the fastest pace in three months, with companies citing a broader pickup in demand, while some also pointed to customer stockpiling efforts. Production also expanded at its quickest rate since March. However, firms reported a fifth monthly decline in new export orders. Meanwhile, companies increased staffing levels, leading to a renewed drop in backlogs of work. Input buying rose solidly and at the fastest pace since March, although another marked lengthening in supplier delivery times continued to complicate efforts to replenish inventories. At the same time, inflationary pressures cooled somewhat, but rates of increase in input prices and output charges remained historically elevated. Finally, goods producers were more upbeat about the outlook for output over the coming year.
2026-07-01
Greek Factory Activity Growth Rises in May
The S&P Global Greece Manufacturing PMI rose to 53.3 in May 2026 from 52.4 in April, marking a stronger improvement in operating conditions as output and new orders regained momentum. Growth was driven mainly by domestic demand, while new export orders fell for a fourth consecutive month, underscoring continued external weakness. Production and employment expanded at faster rates, alongside stronger purchasing activity as firms responded to higher inflows of new work. However, inflationary pressures intensified, with input costs rising at a near four-year high on higher energy prices. Output charges increased at a more than three-year high as firms passed through costs. Supply chain disruptions linked to the Middle East conflict further strained operations, lengthening delivery times and hampering inventory rebuilding. Business confidence improved modestly but remained below earlier levels, supported by expectations of new product launches, investment, and marketing.
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The S&P Global Greece Manufacturing PMI fell to 52.4 in April 2026 from 54.5 in the previous month. This marked the lowest reading since September 2025, as growth momentum moderated across output and new orders. New orders slowed to a fractional pace, while new export orders declined at the fastest rate since December 2022, reflecting weaker external demand amid global uncertainty linked to the Middle East conflict. Production growth also eased to its weakest since November 2024, weighed by supply-chain disruptions and material shortages, with supplier delivery times lengthening markedly. Input costs increased at the fastest pace in nearly four years, driving the steepest increase in output prices in three-and-a-half years as firms passed through higher costs. Employment and purchasing activity continued to expand but at a slower pace, while business confidence remained subdued despite the sector staying in expansion for a 39th consecutive month.
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