The Greek manufacturing sector reported a ‘solid improvement in operating conditions’ in June 2026, with production and new orders expanding at the fastest pace in three months, according to the latest S&P Global Greece Manufacturing PMI.
The headline Purchasing Managers’ Index (PMI) rose to 53.8 in June from 53.3 in May, which was the strongest improvement in the index since March.
As S&P Global noted, The improvement was driven by stronger domestic demand, with manufacturers reporting a faster increase in new orders and output. Companies cited improving market conditions and, in some cases, customer stockpiling, although export demand remained subdued, with overseas orders declining for a fifth consecutive month.
‘Continued signs of improvement’
“The Greek manufacturing sector showed continued signs of an improvement in demand conditions midway through 2026, as stronger new order growth supported another rise in output,” commented Siân Jones, principal economist at S&P Global Market Intelligence.
“International sales remained sluggish amid wider economic uncertainty, however. Greater employment enabled firms to deplete backlogs of work, despite another marked extension to supplier delivery times.”
As the data showed, Greek manufacturers also continued to increase staffing levels and purchasing activity as confidence in the year-ahead outlook improved. Employment growth helped firms reduce outstanding workloads despite continued delays in supplier deliveries.
Supply chain pressures eased slightly but remained significant. Companies continued to report transport disruptions, freight delays and material shortages linked to the conflict in the Middle East, making it difficult to replenish inventories. As a result, both stocks of purchases and finished goods declined for a third consecutive month.
Inflationary pressures
Inflationary pressures also moderated during June. Input costs continued to rise due to higher transportation, fuel, energy and raw material prices, although the rate of increase slowed to its weakest level in four months.
“Vendor delays, material shortages and challenges with sea freight capacity remained key themes in June, although the extent of the disruption eased somewhat,” Jones added. “Subsequently, firms recorded less severe increases in both input costs and output charges.t
“Nonetheless, inflationary pressures were marked in the context of the series history, with price hikes and logistics delays hampering efforts to build safety stocks.
“Goods producers were more upbeat in their outlook for output. The latest S&P Global Market Intelligence forecast for industrial production expects a rise of 1.4% in 2026, a projection that has been weighed down by the subdued international demand picture.” Read more here.
