Greece: PMI falls to three-month low in May
June 1, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) fell in May, decreasing to 48.4 from 49.7 in April. As a result, the index still lies below the 50-threshold that separates contraction from expansion in the manufacturing sector.
According to Markit, May’s reading came on the back of a decline in new orders, which fell at the fastest pace in eight-months. In addition, output decreased and job losses were recorded in May.