The S&P Global Greece Manufacturing PMI rose to 53.3 in May 2026 from 52.4 in April, signaling a stronger improvement in operating conditions as both output and new orders regained momentum. Growth was driven primarily by domestic demand, while new export orders declined for the fourth consecutive month, highlighting persistent external weakness.
Production and employment expanded at a quicker pace, accompanied by a marked increase in purchasing activity as firms responded to higher inflows of new work. However, inflationary pressures intensified: input costs climbed to their highest rate in nearly four years, largely due to rising energy prices. In turn, output charges increased at their fastest pace in more than three years as companies passed higher costs on to customers.
Supply chain disruptions associated with the conflict in the Middle East added further strain, lengthening delivery times and constraining efforts to rebuild inventories. Business confidence improved modestly, supported by expectations of new product launches, investment, and marketing initiatives, but remained below earlier levels.
