PMI falls to 46.9 pts in June in ten straight months of contraction

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI eased by 1.1 points to 46.9 in June from 48 in May, according to Markit. The headline figure indicates the second lowest reading in the last two years, while remains below the 50-point mark implying a contraction for the tenth successive month.

The survey data displayed a sharp decline in new orders at an accelerating pace leading to a drop in production at the fastest rate over the past two years. At the same time a marked increase was evident in suppliers’ delivery time, which was the most m...

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