Back-to-back contraction for PMI in Aug reflects tough conditions for manufacturing

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI dropped by just 0.3 points in August to 48.8 points, after a 2-point drop to 49.1 in July, according to S&P Global data released on Thursday.

August’s PMI captured back-to-back, albeit modest, declines in the state of the Greek manufacturing sector, with the latest fall the sharpest since December 2020.

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