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.

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