The S&P Global Greece Manufacturing PMI slipped to 52 in September 2025, down from a five-month peak of 54.5 recorded in August. This decline suggests a modest deceleration in manufacturing activity. While growth rates for output, new orders, and employment saw a downtrend, they still remained elevated in historical terms due to ongoing improvements in demand. Job creation continued, albeit at a slightly slower pace compared to the three-month high seen in August. On the pricing front, input cost inflation slowed to its lowest level since November 2023, even though demand for materials persisted. Additionally, the increase in selling prices was among the most modest in nearly a year, as companies sought to maintain their competitiveness.