PMI rebounds to 47.7 in Feb but shows deterioration for sixth straight month

EconomyMacroeconomy Tags: PMI
By Angelos Christofilopoulos/Fosphotos
By Angelos Christofilopoulos/Fosphotos

Greece’s Manufacturing PMI improved by 1.1 points to 47.7 in February, after falling to a 16-month low of 46.6 in January, Markit’s survey showed on Wednesday.

The February reading indicates the sixth successive reading below the 50-point mark that separates growth from contraction.

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