PMI stable in March as war starts affecting business and confidence

EconomyMacroeconomy Tags: PMI

Greece’s manufacturing PMI was stable in March at 54.5 points, from 54.4 points in the previous month, S&P Global data showed on Wednesday.

The headline index rose due to significantly longer supplier lead times caused by the Middle East war-related logistics disruptions. However, PMI was weighed down as growth in output, new orders, employment, and stocks of purchases all slowed.

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