Greek PMI at 53.7 points in January

The Greek Purchasing Managers’ Index (PMI) was 53.7 points in January, almost unchanged from 53.8 points in December 2018, showing a strong and accelerating increase in the production of the Greek manufacturing sector, IHS Markit said in a report released on Friday.

The January report showed that the increase in production was the second fastest since March 2018, while job creation was the second strongest ever recorded. New export orders continued growing, recording a 12-month high.

In its report, Markit said that the January index fell to three-month lows but generally was in line with average prices recorded in 2018.

The PMI is a composite index measuring business activity in the manufacturing sector. Readings above 50 indicate a growing sector while readings below 50 a shrinking sector.

Source ANA-MPA
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