Greek Manufacturing Hits 5-Month High, Tops Eurozone in January

Greek manufacturing surged to a five-month high in January, topping the eurozone with a Manufacturing PMI of 54.2—up from 52.9 in December—according to S&P Global. This marks the strongest improvement in operating conditions since August 2025. Output rose for the fifth consecutive month, while new orders grew at the fastest pace, attributed to heightened client confidence. External demand showed modest gains, especially in European markets. However, input costs rose sharply—the steepest in nearly a year—driven by higher raw material and transport prices, supply chain delays, and pricier metals. Farmer protests and road blockades further strained delivery times, pushing supplier performance to its weakest since August 2024. Employment rose to meet demand, and firms drew down inventories—supplier stocks fell for the first time in four months despite robust purchasing activity.