Purchasing Managers' Index

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.

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.

Turkey's Purchasing Manufacturing Index (PMI) saw a near-stabilization of business conditions in the Turkish manufacturing sector in October as a result of contributions from exports, as well as an increase in new orders and output. 

Activity in Greece's manufacturing sector contracted again in October with the key indicator hitting a five-month low as production and new orders declined, a survey showed on Tuesday.

Activity in Greece's manufacturing sector shrank again in September after expanding in August, as production and new orders dropped, a survey showed on Monday.

Markit's Purchasing Managers' Index for manufacturing, which accounts for about 10 percent of the Greek economy, fell to 49.2 points last month from 50.4 in August. Readings below 50 denote contractions in activity.

Turkey's manufacturing sector continued to grow last month despite losing momentum, while eurozone manufacturing grew at its fastest rate since mid-2011, a survey showed on Jan. 2.

Turkey's industrial production declined sharply in July, largely as a result of the failed coup attempt on July 15, data from the Turkish Statistics Institute (TÜİK) showed on Sept. 8. 

Industrial output fell 4.9 percent in July, on a calendar-adjusted basis, from the same month last year.

Greek manufacturing activity shrank for the fourth month in a row in May as a big drop in new orders was accompanied by job losses and a fall in production, a survey showed on Wednesday.

British manufacturing output unexpectedly shrank to hit its lowest level in three years in April, a survey showed on May 4, suggesting the economy will slow further before next month's in-out European Union membership referendum.

Greece's Purchasing Managers Index (PMI) showed an improvement in April compared to March, but remained below the 50-point level that marks the limit between recession and expansion, according to data compiled by Markit.