Greece manufacturing growth slows to five-month low in October, PMI shows

What happened

Greece’s manufacturing sector continued to grow in October, but at its slowest pace since May, according to the S&P Global PMI survey. The index fell to 53.3 from 54.0 in September; readings above 50 indicate growth. Rising energy, fuel and transport costs intensified price pressures.

Confirmed

Global impact / market context

Higher input costs can squeeze manufacturers’ profit per sale if companies cannot pass them on to customers. Firms were already raising selling prices at the fastest pace since June, while slower new-order growth and falling backlogs point to less demand cushion if costs keep climbing.

Analyst inference

The survey shows growth continuing, not a contraction, with output, purchasing activity and employment rising. However, growth indicators were mixed: output strengthened, while new orders and employment grew more slowly. Supply disruption and higher energy, fuel and transport expenses are adding to manufacturers’ cost pressures.

Confirmed

What to watch

1. Watch future PMI readings for whether the index stays above 50, the level separating manufacturing growth from contraction, and whether new orders regain strength. Analyst inference
2. Track whether energy, fuel and transport costs keep rising and whether manufacturers continue increasing selling prices, which could show how much cost pressure reaches customers. Analyst inference
3. Watch supplier delivery times and backlogs: continued delays alongside falling work queues could make production planning harder even if output remains in growth territory. Analyst inference

Evidence

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