Manufacturing PMI in Greece hits a 51-month high in November

EconomyMacroeconomy Tags: PMI

Greek Manufacturing PMI rose to a 51-month high of 49.2 in November from 47.3 in October as output at Greek manufacturers rose for the first time since September 2009, according to Markit. At the same time, new orders stabilised, after having fallen in the previous month, while the decrease in employment decelerated.

Greek manufacturers’ production levels rose slightly in November for the first time since late 2009. Although growth was confined to the consumer goods sector, intermediate and capital goods manufacturers recorded lower output levels.

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