Greece’s Manufacturing PMI stood at 53.3 in October

Macro/Political:

Greece’s Manufacturing PMI stood at 53.3 in October, comfortably above the critical 50.0 level, but down from 54.0 in September, signalling the weakest rate of growth since May. Greece’s manufacturing sector recorded a further improvement in operating conditions in October, with production, new orders and employment all increasing compared to September, amid reports of stronger market demand. However, the impact of disruptions in the Middle East on the global economy continued to be felt, with supply chains remaining under pressure, while prices continued to rise due to higher energy, fuel and transportation costs. Furthermore, business confidence in the outlook deteriorated, falling to a five-month low.
Source: PMI

In September 2026, the weighted average interest rate on new deposits stood at 0.40%, while the corresponding rate on new loans stood at 4.76%. The interest rate spread between new deposits and loans decreased to 4.36 percentage points.
Source: Bank of Greece

Macro/Political:

Cyprus President Nikos Christodoulides said that the government has taken all the necessary steps for undersea surveys for the GSI to begin, adding that the EUR 25mn payment to Greek grid operator IPTO was proceeding as planned. Asked about possible developments concerning a NAVTEX, Christodoulides declined to provide further details, stating that “the less we say publicly, the better”. He added that this was also the informal understanding with the Greek Prime Minister and the French President.
Source: Phile News