Greece Manufacturing Development At 9-1/2 Year High

By | January 2, 2018

Business conditions in the Greek manufacturing sector improved at the fastest pace in nine-and-a-half years in December, survey figures from IHS Markit revealed Tuesday.

The seasonally changed Buying Managers’ Index, or PMI, climbed to 53.1 in December from 52.2 in November. Any reading above 50 shows expansion in the sector.

The development was driven by additional significant rises in brand-new orders, in both domestic and foreign markets. New orders increased at the sharpest rate since June 2008.

As a result, companies raised their workforce numbers for the eighth succeeding month.

On the rate front, input price inflation broadly unchanged in December, while offering prices declined at a much faster speed.

Finally, company confidence struck a five-and-a-half year high in December.

The product has actually been supplied by InstaForex Business – www.instaforex.com

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