Manufacturing remains in contraction for Oct as business optimism falls to lowest since May 2020

EconomyMacroeconomy Tags: Business, PMI
Photo by MacroPolis
Photo by MacroPolis

Greece’s Manufacturing PMI resumed its slide in October, falling by 1.6 points to 48.1, from 49.7 points in September, according to S&P Global data released on Tuesday.

October’s PMI is the fourth consecutive decline in the state of the Greek manufacturing sector, and S&P Global notes this is now also reflected in the firms’ output expectations for the year ahead, with optimism dropping to a two-and-half-year low.

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