Manufacturing PMI rises again, reaching 51.1 in April

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI improved by 1.4 points to 51.1 in April, according to Markit. This was the third reading so far in 2014 above the 50-point mark, which separates growth from contraction.

The monthly movement was boosted by faster rises in output and new orders coupled with a growth in employment for the first time in six years. In contrast, inventory levels continued heading south, while factory gate prices decreased at the fastest pace...

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