Greek PMI drops to nine-month low in July
The return to growth of the manufacturing sector proved short-lived, as the Purchasing Managers Index (PMI) dropped to a nine-month low in July to 48.7 points, against 49.4 points in June, according to Markit Economics.
The return to growth of the manufacturing sector proved short-lived, as the Purchasing Managers Index (PMI) dropped to a nine-month low in July to 48.7 points, against 49.4 points in June, according to Markit Economics.
The return to growth of the manufacturing sector proved short-lived, as the Purchasing Managers Index (PMI) dropped to a nine-month low in July to 48.7 points, against 49.4 points in June, according to Markit Economics.
The survey’s report attributes the decline to two main factors – shrinking production and an accelerating reduction to new orders in the sector. Production put an end to the upward course that began in November 2013. While output levels in consumer goods rose, this was offset by the weakening of production in other domains.
There was also a decline in new orders for the domestic market, while new orders for exports grew for a third consecutive month in July. Albeit rather moderate, the increase to new orders for exports has been the biggest of the last three years.
“This third straight increase in new orders for exports allows for the possibility of a return to growth,” Markit economist Phil Smith commented.
“Without a doubt it would be particularly useful if pressure on costs remained low, given that any notable increase in prices would simply undermine the competitiveness of Greek producers,” Smith added.
ολες οι ειδησεις
- Η δύναμη της φύσης: 142 λίτρα νερό ανά τετραγωνικό μέτρο χτύπησαν το Ντουμπάι μέσα σε μία μέρα
- Πειραιάς: Προθεσμία για να απολογηθεί την Παρασκευή έλαβε ο εργολάβος του κτιρίου που καταπλάκωσε τον άτυχο αστυνομικό
- Υπ. Ανάπτυξης: Πανευρωπαϊκή έρευνα σε influencers – 20 Έλληνες στη λίστα – Έλεγχοι σε όλες τις πλατφόρμες των social media
- Champions League: Ώρα πρόκρισης για Μάντσεστερ Σίτι – Ρεάλ και Μπάγερν – Άρσεναλ
Ακολουθήστε το Newpost.gr στο Google News και μάθετε πρώτοι όλες τις ειδήσεις
Δείτε όλες τις τελευταίες Ειδήσεις από την Ελλάδα και τον Κόσμο, στο Newpost.gr