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Greece PMI December 2023

Greece: Manufacturing PMI picks up in December

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) came in at 51.3 in December, up from November’s 50.9. As such, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in manufacturing sector operating conditions compared to the previous month.

In December, both domestic and foreign demand strengthened, which pushed growth in new orders and employment to their highest levels since August 2023. Less positively, output and purchasing activity expanded at softer rates, while delivery times lengthened.

On the price front, higher energy and material prices prompted an acceleration in input cost inflation, which translated into the sharpest increase in output prices since February 2023. Lastly, manufacturers remained optimistic amid hopes of stronger investment and client demand ahead.

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