PMI edges up to 49.7 in Apr, highest reading in last three months but concerns remain

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI rebounded for the second straight month by 0.7 points to 49.7 in April, Markit survey displayed on Wednesday.

The April figure is the highest reading since February but still remained below the 50-point mark that separates contraction from growth. The downturn in the Greek manufacturing sector is mostly attributed to a further drop in incoming new orders, while...

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