Purchasing Managers' Index

PMI reaches new nine-month high

Greece's Purchasing Managers Index (PMI) for manufacturing climbed to 54.2 points in February - a nine-month high - from 53.7 points in January, according to figures released by IHS Markit on Friday. Business confidence in the sector reached a six-month high, as companies drew optimism from the fact that demand from foreign markets has grown, with an increase in new clients.

Lower prices boost Greek exports

Exports continue to drive the Greek economy's recovery after years of recession.

The Purchasing Managers' Index (PMI), a survey-derived number reflecting expansion or contraction in the manufacturing sector, stood at 53.7 in January 2019, slightly down from 53.8 in December 2018.

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