Greek PMI up to 50.1 in August, employment and profitability still falling

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI resumed an upward trend for the first time since April, rising by 1.4 points to 50.1 in August from 48.7 in July, according to Markit. This was the first reading above the 50-point mark - which separates growth from contraction - since May.

The factory output showed a solid rise in August, reversing the slight drop posted in the beginning of the third quarter. In addition, an increase in new orders for the first time in the last three months supported the rebound in production with higher ...

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