The S&P Global Greece Manufacturing PMI inched up to 54.4 in February 2026 from 54.2 in January, signaling the strongest improvement in operating conditions since August 2025. The expansion was underpinned by sharper increases in both output and new orders, with the latter rising at the fastest rate in six months, primarily on the back of robust domestic demand. Firms continued to add staff and step up purchasing activity, but difficulties in finding suitably skilled workers constrained the pace of job creation, while backlogs of work rose for the first time in ten months.
Input costs increased at the quickest pace in nearly a year, reflecting higher metals and transportation prices. However, output charge inflation moderated as manufacturers sought to balance the need to pass on higher costs with the pressure to remain price-competitive. Supplier performance improved, with fewer delivery delays, and firms accumulated both input and finished-goods inventories—respectively for the first time in two and ten months. Looking ahead, manufacturers remained optimistic about output growth over the coming 12 months, supported by planned investment and a pipeline of new projects.
