Greek manufacturing continues its upward trend in May

5 June 2019
100 Views

The health of the Greek manufacturing sector continued to improve in May, according to the latest PMI survey data. The sharp increase in production and new orders supported general growth. As a result, the steady increase in customer demand contributed to the rise in employment levels, which was among the strongest in the history of the survey.

Meanwhile, the rise in input costs was slowed down at a steady pace, which was the slowest since July 2016. Companies responded by raising their factory prices at the weakest pace recorded over a three-month period.

Production forecasts remained strongly optimistic in May, as new customers and the largest volume of export orders increased confidence levels.

Seasonally adjusted Purchasing Managers’ Index (PMI®) – a composite index designed to measure the performance of the manufacturing economy – closed at 54.2 points in May, lower from the recent record high in April (56.6 points), however, suggesting a steady improvement in operating conditions in the Greek goods production sector. The recent price of the main PMI index expanded the current growth period to two years.

You may be interested

Three bodies recoverd at helicpter crash site (photos)
GREECE
shares14 views
GREECE
shares14 views

Three bodies recoverd at helicpter crash site (photos)

makis - Aug 20, 2019

Rescue teams have recovered the third body from the helicopter crash site. According to the Greek coast guard, all three…

The 5 most beautiful places to walk in Athens
GREECE
shares774 views
GREECE
shares774 views

The 5 most beautiful places to walk in Athens

Panos - Aug 20, 2019

Sometimes, our daily routine prevents us from understanding and admiring the beauty that surrounds us. Stressful jobs, work or family…

Greece scraps legal need for lay-off justification
GREECE
shares25 views
GREECE
shares25 views

Greece scraps legal need for lay-off justification

Panos - Aug 20, 2019

Greece's new center-right government has scrapped legislation that required employers to provide a "well-founded" reason for dismissals. Labor Minister Giannis…

Leave a Comment

Your email address will not be published.