The S&P Global Greece Manufacturing PMI inched up to 54.5 in March 2026 from 54.4 in February, marking its highest level since August 2025. The improvement was underpinned by sustained increases in both output and new orders, which have risen in tandem every month since November 2024, reflecting resilient domestic demand.
Manufacturers expanded their workforces in March to accommodate higher production requirements; however, the pace of job creation slowed to an eight-month low amid mounting cost pressures. On the price front, input cost inflation accelerated to its strongest rate since June 2022, driven mainly by higher oil, energy, and raw material prices. In turn, firms raised their output charges at the fastest pace in nearly three and a half years.
Meanwhile, business confidence weakened, slipping to its lowest level in just over 18 months. Manufacturers highlighted ongoing uncertainty related to the conflict in the Middle East and its potential to push up raw material costs further and disrupt supply chain stability.
