Greek Manufacturing Activity Turns to Growth

Greek Manufacturing Activity Turns to Growth

Greek manufacturing activity grew in January, for the first time since 2009, Reuters reported quoting the findings of a survey.

Markit's purchasing managers' index for manufacturing, which accounts for about 10% of the Greek economy, expanded to 51.2 in January from 49.6 in December, its first time above the 50 line dividing growth from contraction since August 2009.

The survey results were unveiled days after data showed Greek retail sales rose in November for the first time since April 2010, while construction activity grew in October for the first time in two years.

For manufacturers, a second consecutive rise in incoming new orders in January pushed up output levels across the sector, with orders from abroad also increasing.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.