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Greek manufacturing growth slows slightly in January, PMI shows

Growth in Greece’s manufacturing sector slowed at the start of 2025 as new orders moderated, but firms remained optimistic for the year ahead, a survey showed on Monday.

The S&P Global Greece Manufacturing Purchasing Managers’ Index (PMI) slipped to 52.8 in January from 53.2 in December. A reading above 50 indicates growth in activity, while below 50 signals contraction.

Despite the slowdown, the sector has now expanded for two consecutive years.

Business confidence reached an eight-month high in January and employment rose further.

“The Greek manufacturing sector remained in good health amid further expansions in production levels and new orders in January,” said Siân Jones, Principal Economist at S&P Global Market Intelligence.

Input costs rose but at their slowest rate in three months. Selling prices increased at a faster rate, driven by sustained demand and the ability to pass on costs to consumers.

Supply chain issues persisted, with vendors facing longer delivery times. Despite increased input buying, pre-production inventories contracted for the first time in three months due to supply chain disruptions.
Source: Reuters

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