Greece: PMI returns to expansionary territory in June
July 3, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose in June to the highest level seen since August last year. The PMI came in at 50.5 in June, up from 49.6 in May. The index now lies above the 50-threshold, which signifies an expansion in the manufacturing sector.
The improvement was chiefly due to rising output and new orders, which grew for the first time in nearly a year. Jobs were added at the fastest pace since July 2016, supported by rising demand. Meanwhile, price pressures rose in June, although remained low overall.