Greek Manufacturing Activity Growth Strengthens to 5-Month High

The S&P Global Greece Manufacturing PMI rose to 53.2 in December 2024, up from 50.9 in November, signaling the strongest improvement in manufacturing activity since July.

This was driven by faster expansion in output and new orders, supported by strong demand from both domestic and international clients, with exports to the US, Europe, Asia, and the Middle East seeing notable increases.

Employment also rebounded, rising at the fastest pace in five months as businesses responded to higher workloads and improved confidence, which reached a seven-month high.

Moreover, input buying accelerated, while backlogs of work declined at a slower rate.

Regarding prices, input cost inflation intensified, climbing at the fastest rate since July due to supply shortages, leading manufacturers to increase output prices at the steepest pace since August. Despite ongoing supply chain issues, optimism remained high, bolstered by expectations of strong demand and new product launches in 2025.