Greece's manufacturing activity deteriorated further in May, though the rate of growth eased from the previous month, survey figures from IHS Markit showed Thursday.
The seasonally adjusted Purchasing Managers' Index, or PMI, rose to 49.6 in May from 48.2 in April. However, any reading below 50 suggests contraction in the sector.
Among components, output and new orders continued to decline in May, though at weaker rates. At the same time, employment rose for the first time in six months.
On the price front, input costs increased further in May, but at the weakest rate since last November. On the other side, manufacturers lowered their average selling prices amid strong competitive pressures and weak underlying demand.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.