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Greece PMI December 2019

Greece: Manufacturing PMI dips slightly in December, but remains in expansionary territory

The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 53.9 in December from 54.1 in November. Thus, the PMI remained comfortably above the critical 50-threshold, indicating an improvement in operating conditions in the manufacturing sector.

December’s decrease mainly reflected somewhat softer growth in output and new orders. That said, new export orders rose at the fastest pace in eight months. Strong demand conditions also led firms to raise their staffing levels at a steep pace. On the price front, although input cost inflation accelerated amid higher raw material costs, goods producers raised their selling prices only marginally.

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