Greece: Manufacturing PMI dips slightly in August
The S&P Global Greece Manufacturing Purchasing Managers’ Index (PMI) fell to 52.9 in August from 53.2 in July. As a result, the index remained above the 50.0 no-change threshold, but signaled a softer improvement in manufacturing-sector operating conditions compared to the previous month.
The decline was primarily due to softer increases in output, new orders, and employment, which in turn reflected more muted demand conditions. Notably, new export orders rose at the slowest pace in eight months, attributed to hesitancy among some European clients. Meanwhile, supplier delivery times lengthened due to shipping delays and logistics issues.
On the price front, both input cost and output charge inflation rose at softer rates in August. Lastly, business sentiment slipped to its lowest level since November 2022 due to concerns over a softening sales environment.