The S&P Global Greece Manufacturing PMI fell to 51.7 in July 2025 from 53.1 in the previous month, marking the weakest improvement in operating conditions since November 2024. Output growth slowed as new orders - particularly exports - rose marginally, leading to the weakest demand expansion since February. Hiring also eased, though capacity remained sufficient, allowing firms to cut backlogs at the fastest pace since early 2024. Supplier delays worsened due to heatwave policies and global shipping issues, prompting depletion of input inventories and shorter working hours. Pre-production stocks fell sharply, while purchasing activity rose modestly. On prices, input cost inflation eased, driven by milder increases in food and freight, leading firms to raise selling prices at the slowest rate since October 2024 to attract demand. While expectations for future output remained positive, business confidence slipped to its lowest level in nearly a year amid persistent economic uncertainty.