Greece’s Manufacturing PMI rose to 54.2, signalling the strongest upturn in operating conditions since last August

Local Eye

Feb. 3, 2026

GREECE

Macro/Political:

  • Greece’s Manufacturing PMI posted 54.2 in January 2026, up from 52.9 in December 2025, and signalled the strongest upturn in operating conditions since last August that remained comfortable above its historical trend. The Greek manufacturing sector experienced a strong start in 2026, amid faster expansion in output and new orders. Notably, the upturn was also supported by sustained growth in employment. As strong demand conditions contributed to a further rise in input buying and more updated expectations regarding the year ahead outlook for output.
    Source: PMI

 

Markets:

  • Titan has completed the acquisition of Vracs de l’Estuaire, an established cement company in northern France, reinforcing its commitment to further develop its product portfolio in the French market and accelerate its growth trajectory within the framework of the Titan Forward 2029 strategy.
    Source: Kathimerini

CYPRUS

Macro/Political:

  • The Turnover Value Index of Retail Trade (except of motor vehicles) for December 2025 increased by 5.8% compared to the corresponding month of the previous year. For the same month, the Turnover Volume Index of Retail Trade increased by 8.9% compared to the corresponding month of previous year.
    Source: Cystat

 

  • Energy Minister of Cyprus, Michael Damianos, stated that Cyprus and Israel are very close to reaching an intergovernmental agreement regarding the natural gas field located between the Aphrodite and Ishai reservoirs. Speaking on a local radio station, Damianos expressed the expectation that within the next few days the Israeli state delegation will return to Cyprus to resolve the remaining outstanding issues and sign the agreement, which will pave the way for the exploitation of the Aphrodite field. Furthermore, the Energy Minister expressed confidence that consultations can be completed by the end of March at both the technocratic and legal levels.
    Source: StockWatch

 

Markets:

  • According to Kathimerini, Eurobank sold loans to KEDIPES with a total value of EUR 180.2 mn and a total nominal value of EUR 361 mn. Furthermore, according to the source, these loans are part of a retail banking portfolio with high collateral value of EUR 553 mn. The transaction was completed following the bank’s announcement in April 2025 and further to the finalization of the Asset Protection Scheme, which was introduced to the Hellenic Bank after the sale of ex-cooperative bank assets to Hellenic Bank. The completion of this transaction marks the conclusion of the APS for the bank.
    Source: Kathimerini