RSS   Newsletter   Contact   Advertise with us

Greece manufacturing PMI dips to lowest level since November 2017

Christian Fernsby ▼ | July 1, 2019
Greece's manufacturing sector improved moderately in June, with the headline PMI dipping to its lowest since November 2017, IHS Markit said.
Greece street
European economies   Greece street
“Weighing on overall growth were slower increases in production and new business. Moreover, the rate of job creation slowed on the back of softer demand conditions and backlogs of work fell further. Subdued demand also drove manufacturers to lower output prices,” Markit said.

Markit's PMI for manufacturing stood at 52.4 in June, down from 54.2 in May. The latest figure extended the current sequence of expansion to 25 consecutive months, Markit said.