The fleeting truce that prevailed in July in the Middle East was enough to boost the Purchasing Managers’ Index in Greek manufacturing.
The index, which measures the health of the private sector, rose to 54.3 in July from 53.8. A value over 50 signifies expansion. S&P Global, which compiles the index, noted that increased demand from existing clients and new clients, especially in foreign markets, boosted sales.
New export orders rose for the first time in six months and at the highest clip since April 2025. Adapting to higher demand, manufacturers also boosted employment at the highest pace since November 2025. Even though imported costs rose due to higher energy and materials prices, the rate of growth was lower compared to previous months.
Also, as manufacturers decided to absorb a higher portion of the costs rather than transfer them to clients, this helped boost exports. Businesses also reported the highest increase in finished product inventories since June 2008 and attributed that to delivery delays from suppliers.
