The S&P Global Greece Manufacturing PMI experienced a slight decline, reaching 52.7 in November 2025, down from 53.5 in October. The sector saw an increase in output as new orders continued to rise for the thirteenth consecutive month, albeit marginally, due to limited purchasing power and a renewed decline in export sales. Employment growth accelerated, marking its fastest pace since May, which aided companies in reducing their order backlogs to the slowest rate in seven months. Purchasing activity also saw a notable increase, marking its quickest expansion since March 2024, which put additional pressure on already strained supply chains due to extended delivery times.
As for pricing, input cost inflation remained robust, driven by rising raw material prices, especially metals, though the rate of increase slightly eased from October's pace. Selling prices experienced a modest uptick as some businesses implemented discounts to bolster demand. Meanwhile, pre-production inventories witnessed growth, while stocks of finished goods remained largely unchanged. Business confidence experienced a slight dip but was still buoyed by expectations of stronger demand in the future.
