Manufacturing remains in contraction at start of 2023, but at slowest rate since Oct

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Manufacturing remains in contraction at start of 2023, but at slowest rate since Oct

EconomyMacroeconomy 01/02/2023 - 12:18 Tags: PMI

Greece’s Manufacturing PMI remained in contraction at the start of 2023 at 49.2 points, eased off though from the 47.2 points of December, according to S&P Global data released on Wednesday.

December’s PMI marks seven months of decline in the operating conditions of the Greek manufacturing sector, though S&P notes that the deterioration in January was only marginal and the slowest decline since last September.

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