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Greece manufacturing sector continues to expand in December

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Christian Fernsby ▼ | January 2, 2020
Greece's manufacturing sector continued its expansion in December, albeit at a milder pace, as output expansion remained solid despite new order growth softening, IHS Markit said. Also, employment growth accelerated to eight-month high.
Greek manufacturing
Economy in Greece   Greek manufacturing
“Overall growth was supported by sustained expansions in output and new orders. Subsequently, firms increased their workforce numbers at the fastest rate since April in response to greater client demand, and business confidence remained strongly optimistic,” Markit said.

Topics: Greece manufacturing

Markit's PMI for manufacturing stood at 53.9 in December, slightly down from 54.1 in November.

“The latest figure indicated a solid improvement in the health of the goods-producing sector that was above the average for the current sequence of expansion which spans over two-and-a-half years,” Markit noted.