Greek Purchasing Managers' Index PMI grew to 54.6 points in July

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Greek Purchasing Managers' Index PMI grew to 54.6 points in JulyStrong demand in July contributed to the improvement of optimism among manufacturers, with the optimism index rising to the highest level since July 2012, while inflationary pressures weakened

Greek manufacturing sector made a dynamic start in the second half of 2019, recording higher growth rates as production, new orders and employment grew faster, Markit said in a report on Thursday, according to ANA.

Greece's Purchasing Managers' Index -PMI - rose to 54.6 points in July from 52.4 in June, a three-month high. The index continued growing for the 26th successive month, reflecting a big increase in new orders, faster deliveries and higher sales. New export works also rose, with manufacturers raising their production in July. Higher sales growth raised manufacturers' hopes that production will continue rising in the next year. Employment levels rose strongly as companies tried to increase their workforce, allowing companies to reduce the volume of outstanding works for the sixth month in a row.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: dimhap

 

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