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Greece manufacturing sector shows solid improvement in December

Staff Writer | January 2, 2019
Greece's manufacturing sector showed a solid improvement in December, as the overall expansion was driven by further strong upturns in output and new orders, supported by a faster increase in new business from abroad, IHS Markit said.
Worker in Greece
Europe   Markit's PMI for manufacturing stood at 53.8 in December
Moreover, the rate of job creation remained among the strongest in the series history.

“Despite easing slightly from November, the rate of output growth was strong in December and well above the series trend. Anecdotal evidence attributed the latest upturn to greater new order volumes and increased client demand,” Markit said.

Markit's PMI for manufacturing stood at 53.8 in December, slightly down from 54.0 in November. "The headline figure was solid overall and among the strongest seen in 11 years," Markit commented.