Purchasing Managers' Index

S&P Global's seasonally adjusted Purchasing Managers' Index (PMI) for the manufacturing sector in Greece stood at 56.9 points in March, up from 55.7 points in February, indicating the fastest improvement in the sector's robustness since February 2022.

Latest PMI data signaled unchanged operating conditions for Turkish manufacturers in March with the headline PMI posting at the 50 no-change mark, a survey by S&P Global has shown.

Any figure greater than 50 indicates overall improvement in the sector. The headline PMI reading was 50.2 in February.

Greek factory activity expanded for the 12th month in a row in January as stronger domestic and foreign demand led to higher output and more hiring, a survey showed on Thursday.

Firms raised their prices at the second fastest pace in almost a year, with input charges rising further as shipping disruption in the Red Sea led to an increase in transport costs.

Eurozone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight month, according to a survey which gave scant signs of any imminent strong bounce back in an economy likely in recession.

China's factory activity decline deepened in December, official data showed yesterday, as Beijing rounded off a year marked by its stuttering economic recovery from the pandemic.

Greek factory activity picked up slightly in November for the 10th month in a row amid rising production volumes, but subdued export sales held back order books, a survey showed. 

The slowdown in the Turkish manufacturing sector became more entrenched in November, a survey conducted jointly by the Istanbul Chamber of Industry (İSO) and S&P Global has shown.

The headline PMI dropped to 47.2 in November from 48.4 in October, below the 50 no-change mark for the fifth consecutive month and pointing to a solid moderation in business conditions.

The Turkish manufacturing sector has continued to show signs of recovery in April following February's earthquake, with output, new orders and exports all increasing for the second month running, showed a survey conducted jointly by the Istanbul Chamber of Industry (ISO) and S&P Global.

Greek manufacturers signaled a solid upturn in operating conditions during March, according to the latest PMI data from S&P Global with the seasonally adjusted S&P Global Greece Manufacturing Purchasing Managers' Index at 52.8 points in March, up from 51.7 in February.

Business expectations for industry are on the upswing as the negative impact on demand from inflationary pressures appears to have been largely contained.