Purchasing Managers' Index

Manufacturing suffers as PMI drops to a 16-month low

The climate in manufacturing slumped to a new 16-month low in January, as the Purchasing Managers Index compiled by Markit showed on Wednesday a decline to 46.6 points from 49.3 points in December 2016.

The prolonged recession in the sector - a result of the strong decline in output and new orders - has led companies to reduce employee numbers.

Turkish manufacturing activity contracts at slower pace in January: Index

Turkish manufacturing activity shrank at a slower pace in January thanks to an increase in new export orders after sinking to a four-month low the previous month, a survey showed on Feb. 1.

The manufacturing Purchasing Managers' Index (PMI) rose to 48.7 in January from 47.7 in December 2016, according to the Istanbul Chamber of Industry and HIS Markit. 

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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