Greece PMI

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Greece: PMI returns to contraction territory in September

October 1, 2014

The manufacturing Purchasing Managers’ Index (PMI) fell from 50.1 in August to 48.4 in September, according to a release provided by HSBC in collaboration with Markit. The PMI fell back below the 50-threshold that indicates contraction territory, after having improved in August. September’s reading marked the lowest result since October 2013.

According to HSBC, the deterioration in September’s PMI reflected declines in both manufacturing output and new orders, which led to further job losses and lower purchase prices in the sector.

FocusEconomics Consensus Forecast panelists see fixed investment rising 1.6% in 2014, which is up 1.0 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 6.9%.


Author:, Economist

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Greece PMI Chart


Greece PMI September 2014

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


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