Greek Manufacturing PMI eased in September but remains close to a 44-month high

EconomyMacroeconomy Tags: PMI

Greek Manufacturing PMI eased to 47.5 in September from a 44-month high of 48.7 in August, the first drop in the headline index over the last six months, according to Markit. Nevertheless, it is still at its second-highest level in the past three and a half years, while posted its highest quarterly average since the fourth quarter of 2009.

After being broadly stable in August, new orders returned to contraction in September amid weakening demand from clients both at home and abroad. Furthermore, a renewed decline in new export orders was also evident following a marginal increase in the p...

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