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Greece PMI signal strongest improvement since August

Christian Fernsby ▼ | February 3, 2020
Greece's manufacturing sector showed a further and stronger improvement in operating conditions across the Greek manufacturing sector, with PMI hitting the highest level since August, IHS Markit said.
Greek manufacturing
Economy in Greece   Greek manufacturing
Employment growth quickened at the sharpest pace since data collection began in May 1999, with backlogs of work declining only fractionally, Markit added.

Topics: Greece PMI

“Overall growth was driven by quicker expansions in production and new orders. At the same time, new business from abroad rose at the strongest rate since last April.”

Markit's PMI for manufacturing stood at 54.4 in January, up from 53.9 in December.

“The latest headline figure signalled the fastest overall improvement in the health of the Greek manufacturing sector since August 2019, and a solid start to 2020,” Markit said.