Economy

Results 4321 to 4330 out of 5053.

PMI falls to 46.9 pts in June in ten straight months of contraction

Greece’s Manufacturing PMI eased by 1.1 points to 46.9 in June from 48 in May, according to Markit. The headline figure indicates the second lowest reading in the last two years, while remains below the 50-point mark implying a contraction for the tenth successive month.

Photo by MacroPolis Retail turnover fall accelerates to 3.3 pct in April

The turnover of Greece’s retail trade index fell for the sixth straight month in April at an accelerating pace of 3.3 percent from a downward revised 0.6 percent in March, according to the Hellenic Statistical Agency (ELSTAT).

S&P lowers Greek long-term rating by one notch to CCC-

S&P lowered on Monday Greece’s long-term rating by one notch to ‘CCC-‘ from ‘CCC’ with negative outlook. Greece’s rating by S&P is now the lowest among the rating agencies with Fitch’s rating at ‘CCC’ and Moody’s at ‘Caa2’, which is equivalent to ‘CCC’.

Results 4321 to 4330 out of 5053.