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PMI remains in growth territory in Nov amid supply disruptions and inflation
EconomyMacroeconomythe expansion in output seen in the previous period and a steep upturn in new orders. The series..., with the expansion matching that of October. The rise in output was linked to higher client demand. Despite... markedly again. Output increased strongly, but growth was stymied by ongoing and substantial supply
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PMI growth slows in Feb amid myriad challenges for manufacturing sector
EconomyMacroeconomy. The latest data captured growth rates for output, new orders, and employment well above the long... and output prices increased at the fourth-highest pace on record. Out of all five PMI components, new... in output growth during February, as production rose at the sharpest pace for five months,” Markit analysts
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Manufacturing remains in contraction at start of 2023, but at slowest rate since Oct
EconomyMacroeconomyon output. New orders flow continues to fall, marking the eight-straight month as customer.... The sector remains upbeat on the output expectations, with confidence stemming from hopes of stronger client demand. “Greek manufacturers started 2023 on a muted note. Although output was broadly
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On monetary policy and inflation targeting
Agoralevel gap (not unlike restoring a large negative output gap in potential real GDP analysis). The issue... the optimism bias in political circles that notoriously overestimate potential output and potential output growth (the “adverse supply shock” is not an adverse supply shock but a normalization
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Newsletter 394 - 22/09/2023
The output index of agriculture prices recorded another solid increase of 28.7 pct, while the input prices index contracted by 3.1 pct. Crop output prices were up by 31.5 pct in July, while animal output
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Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
EconomyMacroeconomyconditions led firms to the softest increased in output, while firms also responded that the floods... in output in the last eight months. September’s workforce additions were also the weakest since... the start of the year, driving a softer upturn in output”, said S&P analysts. They added that "subdued
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A closer look at Greece's Q3 2023 national accounts
Agoraoutput per worker (all employment categories included), or how efficient each worker is over time... productivity growth rates into the future. High rates would help, because they boost potential output...? In 2023 (Q1-Q3) the average real output per worker in Greece was €46,000 (ref 2015). For the Euro(20
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Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
EconomyMacroeconomy, as output prices rose at a solid pace, sharper than the series trend, despite the softening rate of inflation. Greek manufacturers registered a stronger degree of confidence in the output outlook over... started 2024 on solid footing, as output and new orders grew at faster rates. The sales environment
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PMI unchanged in May as signs of tariff effects, weak EU demand start to show
EconomyMacroeconomyincreasing at the fastest pace since January 2022. Most additions were permanent staff. Despite output... and was the softest in 15 months. As a result, output charge inflation also moderated, with selling... manufacturing firms signalled a further solid improvement in May. Output growth quickened, as domestic demand
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PMI drops marginally in Nov amid declining export orders and rising input costs
EconomyMacroeconomydemand, output increased moderately, remaining above the long-run trend. Higher production needs.... The resulting rate of charge inflation was the weakest in the 27-month sequence of rising output prices. Output expectations remained positive, though confidence dipped from October. Optimism stayed
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