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01.12.2015 14:44 Greece’s final manufacturing PMI climbs to 48.1 in November

Markit Economics released its final manufacturing purchasing managers' index (PMI) for Greece on Tuesday. Greece's manufacturing purchasing managers' index (PMI) climbed to 48.1 in November from 47.3 in October.

 

The contraction of production eased in October, while job shedding also eased.

 

"The Greek manufacturing sector appears to be edging towards stability, judging from the latest PMI survey data. The rate at which operating conditions are deteriorating seems to have shifted into a lower gear, suggesting the economy is slowly adapting to the austerity measures that have been implemented by the government," Markit economist Samuel Agass said.



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