PMI slips to contraction territory in September on lower production and new orders

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI fell by 1.2 points to 49.2 in September from 50.4 in August, Markit survey displayed on Monday. This was the sixth sub-50 reading in the course of 2016.

The return to contraction territory reflects a decrease in both production and new orders, while staffing levels continued heading north.

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