Manufacturing PMI moved back into contraction territory in March

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI slowed to 49.7 in March from 51.3 in February, falling back below the 50-point mark that separates growth from contraction, according to Markit.

The drop in the headline index is attributed to slower growth in output and new orders coupled with lower stocks and employment amid cash flow issues.

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