Greece PMI


Greece: PMI inches up in October

November 6, 2014

The Markit manufacturing Purchasing Managers’ Index (PMI) inched up from 48.4 points in September to 48.8 points in October. Despite the slight increase, the PMI is still below the 50-threshold that separates contraction from expansion territory in the manufacturing sector.

According to Markit, the moderate increase in October’s PMI mainly reflected an improvement in new export orders. Conversely, output, new orders and employment deteriorated compared to the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment rising 1.4% in 2014, which is down 0.2 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 6.9%, which is unchanged from last month’s Consensus.

Author:, Economist

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Greece PMI Chart

Greece PMI October 2014 0

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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