Index numbers

Greek PMI drops to lowest level in 12 months

The Purchasing Managers' Index for the Greek manufacturing sector dropped to its lowest in 12 months in November, reflecting the major contraction in both output and new orders for the domestic and international markets.

The Greek PMI index, as measured by IHS Markit, stood at 48.3 points last month, against 48.6 in October.

Drop in PMI on reduction in orders

Manufacturing sector jobs are unsafe as despite their increase in October, the indications according to the size of orders, cost of inflows and price of outflows are not encouraging at all.

This is evident in Greece's Purchasing Managers Index (PMI), which in October recorded a five-month low of 48.6 points against 49.2 points in September, according to Markit researchers.

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