The latest data from S&P Global's Greece Manufacturing Purchasing Managers' Index (PMI) indicates a slight dip in July 2024. The PMI figure fell to 53.2, compared to 54.0 in June 2024. Despite this small decrease, the index remains firmly above the 50.0 threshold, indicating that the manufacturing sector in Greece is continuing to expand, albeit at a slightly slower pace.
The updated data, released on August 1, 2024, underscores sustained growth in the Greek manufacturing sector, even though the pace of expansion has moderated. Economists and industry experts will be keenly assessing these developments, as they may provide insight into future trends and inform economic policy decisions.
The PMI is a critical indicator of the economic health of the manufacturing sector, reflecting factors such as new orders, output, employment, and supplier delivery times. Greece's manufacturing sector has been resilient in the face of global economic pressures, and the latest PMI values indicate that this robustness continues, though with a touch of caution as growth slightly levels off.
