Greece‘s manufacturing sector reported a ‘steeper improvement’ in December, as new order growth accelerated, according to the latest PMI data from S&P Global.
The seasonally adjusted Greece Manufacturing PMI stood at 52.9 in December, compared to 52.7 in November, indicating a ‘solid upturn’ in operating conditions, however cost pressures continued to rise due to materials shortages.
New business
Manufacturers reported an acceleration in new business compared to November, supported by competitive pricing and an increase in demand momentum, with export orders also seeing a fractional increase.
‘Where a rise in new export business was recorded, this was linked to greater demand from customers in Europe,’ the report noted.
Output levels also rose among Greek manufacturers in December, however the pace of expansion softened to its weakest level in three months, due to a deterioration in supplier performance and material shortages, not to mention supply chain disruption as a result of strikes and protests, which slowed transportation at ports.
Manufacturers responded to an increase in material prices by raising their output prices at a quicker rate than in November, although the increase remained among the slowest recorded in 2025 as firms sought to maintain competitiveness in the market.
‘Rebound in demand momentum’
“The Greek manufacturing sector signalled a rebound in demand momentum at the end of 2025, as new order growth quickened,” commented Sian Jones, principal economist at S&P Global Market Intelligence. “Greater new sales supported expansions in employment and input buying, but underlying data highlighted challenges for the sector with regards to supply chain developments.
“Strikes and protests in December hampered vendor transportation, placing pressure on capacity and weighing on efforts to expand output levels and build safety stocks Subsequent material shortages drove up input cost inflation, with manufacturers reportedly constrained in their ability to hike selling prices amid efforts to maintain competitiveness.
“Although demand conditions appear rosier, the impact of strain on supply chains may carry over into the new year, with firms’ ability to absorb cost increases tested.” Read more here.
