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Greece manufacturing growth hits highs in November

Christian Fernsby ▼ | December 2, 2019
Greece's manufacturing production growth quickened to strong rate in November on the back of sharper expansion in output and new orders, IHS Markit said.
European economy   Greece
“Stronger domestic and foreign client demand led to a faster rise in workforce numbers and a greater degree of business confidence.

Topics: Greece manufacturing growth

Meanwhile, firms registered a renewed increase in output prices, with the rate of charge inflation the fastest since September 2018,” Markit added,

Markit's PMI for manufacturing stood at 54.1 in November, up from 53.5 in October and indicated the fastest improvement in the health of the Greek manufacturing sector for three months.

The rate of overall growth was solid and among the sharpest seen over the last decade.