Greece PMI June 2017


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.

FocusEconomics Consensus Forecast panelists see fixed investment rising 4.0% in 2017, which is down 0.2 percentage points from the previous month’s estimate. For 2017, the panel expects fixed investment to expand 4.2%.

Author: Angela Bouzanis, Senior Economist

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Greece PMI Chart

Greece PMI June 2017 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: IHS Markit

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