Greek PMI drops into contraction territory in September, falling to 48.4 points

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI dropped 1.7 points to 48.4 in September from 50.1 in August, according to Markit.

The headline figure’s decline below the 50-point mark, which separates growth from contraction, suggests a deterioration of business conditions at the end of the third quarter.

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