Greece PMI


Greece: PMI inches up in November

December 1, 2014

The Markit manufacturing Purchasing Managers’ Index (PMI) inched up from 48.8 in October to 49.1 in November. Despite the slight increase, the PMI remains below the 50-threshold that separates contraction from expansion in the manufacturing sector.

According to Markit, the moderate increase in November mainly reflected a stabilization of output, which had recorded declines in the previous two months. An improvement in consumer goods production was behind the stabilization of output. Conversely, new exports orders contracted for the first time in seven months, employment declined for the sixth consecutive month, and output prices dropped at the fastest pace in three months.

FocusEconomics Consensus Forecast panelists see fixed investment rising 1.1% in 2014, which is down 0.3 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 5.8%, which is down 1.1 percentage points from last month’s Consensus.

Author:, Economist

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Greece PMI Chart

Greece PMI November 2014

Note: Markit Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector, while readings below 50 point to a contraction
Source: Markit

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