Updated
Updated · Kathimerini English Edition · Aug 4
Greek Manufacturing PMI Climbs to 54.3 in July as Exports Rebound
Updated
Updated · Kathimerini English Edition · Aug 4

Greek Manufacturing PMI Climbs to 54.3 in July as Exports Rebound

3 articles · Updated · Kathimerini English Edition · Aug 4

Summary

  • Greece’s manufacturing PMI rose to 54.3 in July from 53.8, extending sector expansion as a brief Middle East truce helped lift business conditions.
  • Export demand drove the gain: new foreign orders increased for the first time in six months and at the fastest pace since April 2025, alongside stronger orders from existing clients.
  • Manufacturers responded by hiring at the quickest rate since November 2025, while also building finished-goods inventories at the fastest pace since June 2008 amid supplier delivery delays.
  • Input costs still increased on higher energy and materials prices, but the pace eased from prior months, and firms absorbed more of those costs instead of passing them on, supporting sales abroad.

Insights

How long can Greek factories absorb rising input costs before their export competitiveness suddenly collapses?
Can Greece's unexpected manufacturing boom survive a crippling national labor crisis with over 100,000 unfilled vacancies?
Will Greece's new digital tracking mandates accidentally paralyze a manufacturing sector already choking on massive inventory delays?