India Greece Manufacturing Sectors Accelerate Amid Rising Demand

Both Greece and India have experienced significant growth in their manufacturing sectors recently, driven predominantly by strong domestic demand. Greece's manufacturing PMI rose to 53.5 in October, marking steady expansion despite falling export orders, with firms boosting output and hiring while managing high input costs through customer deals. India, meanwhile, saw its manufacturing PMI reach 59.2, the highest in five years, supported by GST reforms, technology investments, and productivity gains, which fueled increased output, new orders, and employment for the twentieth consecutive month. Although both countries face challenges such as supply chain disruptions and rising input prices, manufacturers in India and Greece have maintained resilience by passing some costs to customers and capitalizing on robust local markets. This growth underlines a broader trend where local demand is becoming a critical buffer against global trade uncertainties and may enhance each country's attractiveness for investment. The sustained manufacturing momentum in these economies highlights the importance of domestic market strength in navigating global economic volatility.