Greece: PMI steady in July
August 2, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) was table in July, resting at June’s nearly one year high of 50.5. The index lies above the 50-threshold, which signifies an expansion in the manufacturing sector.
A rise in output was counterbalanced by stagnating new business causing the unchanged PMI reading. Jobs were added in July but at a more moderate pace than in June. Meanwhile, price pressures were high in July and caused firms to raise selling prices.