PMI climbs to 52.2 in Aug, highest for nine years

EconomyMacroeconomy Tags: PMI
Photo via Flickr https://flic.kr/p/3pyqsB
Photo via Flickr https://flic.kr/p/3pyqsB

Greece’s Manufacturing PMI rose by 1.7 points in August, reaching 52.2 from 50.5 in July, marking the third successive improvement for the sector and the highest headline PMI reading since August 2008. 

Markit says that the marginal improvements in the manufacturing sector over the last couple of months accelerated to a nine-year peak in August. The improvement came from higher new orders from both domestic and foreign clients which led to firms hiring...

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