Manufacturing slips into contraction for first time since early 2021 as PMI drops by 2 pts in July

EconomyMacroeconomy Tags: PMI
Photo via https://flic.kr/p/N3FV1
Photo via https://flic.kr/p/N3FV1

Greece’s Manufacturing PMI dropped by 2 points to 49.1 in July, according to S&P Global data released on Monday.

July’s PMI captured the first decline in operating conditions since February 2021, stopping a nearly year-and-half period of expansion and indicating a downturn of the conditions in the sector.

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