Despite PMI rise of 0.9 pts in Sept, manufacturing stays in contraction for third month

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI improved by 0.9 points in September, rising to 49.7 points, from 48.8 points recorded in August, according to S&P Global data released on Monday.

September’s PMI captured the third consecutive decline in the state of the Greek manufacturing sector, though S&P Global notes that the decline was only fractional and eased from the one seen in August.

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