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- Greece’s final manufacturing PMI climbs to 43.3 in September
Greece’s final manufacturing PMI climbs to 43.3 in September
Markit Economics released its final manufacturing purchasing managers' index (PMI) for Greece on Tuesday. Greece's manufacturing purchasing managers' index (PMI) climbed to 43.3 in September from 31.1 in August.
The decline in production eased in September, while employment declined for six consecutive months.
"September data indicated that Greek manufacturers experienced the harsh effects of the ongoing capital controls implemented by the government. Latest survey data signalled a further contraction in output, as incoming new orders suffered from the strict austerity measures in place across the country," Markit economist Samuel Agass said.
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