53.2 units reached seasonally customized Indicator Supplies in April, S&P Global For the processing sector in Greece (Purchasing Managers’ Index – PMI), recording a price lower than the 55 points of March.
However, the index has indicated a steady improvement in operating conditions throughout the range of goods. Although the price of the main index fell compared to the previous period of the survey, it has indicated one of the strongest increases in the sector recorded in the last ten months and was higher than the average of the research. According to S&P Global’s survey, the overall development was contributed to the further increase in the influx of new orders at the start of the second quarter.
New sales have increased for a sixth consecutive month due to continued demand on the part of customers and reports that more and more customers are choosing domestic goods. The rate of growth faded from the high ten -month -olds recorded in March, but was, however, stable.
The rate of growth of new export orders also weakened and was generally marginal. As a result, Greek manufacturers continued to record higher levels of production, as production increased at a steady pace in April. Despite the slowdown in the weaker rate recorded in three months, the growth rate was higher than the average research.
Meanwhile, the supply chain disorder has continued to cause difficulties in manufacturers, as further delays were recorded in April. Members who participated in the study said that material deficiencies and the largest influx of new orders have led to a new increase in the volume of incompetent work, although marginal.
Most new orders have caused another round of job creation in April, as employment levels increased at a strong pace. The increase in the number of employees was Thursday in a number of months, as companies tried to expand production capacity after increased production requirements. However, the rate of growth of the number of employees has fallen to the weakest recorded in three months.
In terms of prices, the cost of inputs faced by Greek manufacturers increased at a significantly slower pace during April. The rate of growth was the weakest recorded since February 2024 and was lower than the average research. Despite reports of higher raw material prices and imported goods, companies reported that the cost of certain basic inputs was mitigated.
Meanwhile, April data has indicated a weaker rate of increase in outflow charges. Greek producers of goods have limited the rate of rise in sales prices, due to the slower increase in the cost of inputs and efforts to remain competitive. Despite the attenuation, the rate of increase in charges was historically high.
Although they recorded the sixth consecutive monthly increase in input markets, Greek manufacturers have indicated, in April, the slowest rise of purchasing activity recorded since last November. Members who participated in the survey reported the use of stocks to supplement production, as supplies were returned to shrinkage.
On the contrary, challenges in the supply chain and the longer input delivery times have led to efforts to create stocks of ready -made products. However, the increase in stocks of ready -made products was generally marginal.
Finally, in April, Greek manufacturers remained optimistic about increasing production next year. According to reports in research, scheduled investment in new machinery and the development of new products have stimulated confidence. The levels of optimism were above the average of research, although they retreated from the 14 -month high of March.
Source: RES – EIA