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.
Author: Cecilia Simkievich, Economist