Greece sees Manufacturing PMI move into growth for first time since August 2009

EconomyMacroeconomy Tags: PMI

Greece’s Manufacturing PMI improved by 1.6 points for the third consecutive month in January reaching 51.2 points from 49.6 in December, according to Markit.

More significantly, though, the headline figure surpassed the 50-point mark, which distinguishes growth from contraction, for the first time since August 2009. Furthermore, the rate of expansion was the fastest since September 2008.

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