The S&P Global Greece Manufacturing PMI stood at 53.2 in May 2025, unchanged from the previous month. The latest upturn was supported by another monthly rise in new orders and a steeper expansion in output. Greater new orders prompted firms to step up hiring, as employment rose at the fastest rate since January 2022. Subsequently, manufacturers were able to reduce their backlogs of work for the first time in three months, with the pace of depletion the second-fastest since January 2024. However, suppliers’ delivery times lengthened again, reflecting traffic and logistics delays, along with some reports of material shortages. Regarding prices, cost inflation eased for the second consecutive month, reaching its lowest level in 15 months. Finally, business confidence strengthened in April and was greater than the series average, buoyed by increased efforts to reach out to new clients, as well as planned investment in new machinery and product development.