Greece PMI July 2017


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.

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 July 2017

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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