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04.05.2016 17:00

Greece’s manufacturing PMI rises to 49.7 in April

Markit Economics released its manufacturing purchasing managers' index (PMI) for Greece on Wednesday. Greece's manufacturing purchasing managers' index (PMI) rose to 49.7 in April from 49.0 in March.

Output levels stabilised during April despite a decline in incoming new orders, while buying activity rose.

"Production stabilised for the first time during 2016 and job creation was still evident, highlighting firms' intentions to invigorate future output with increased manpower," Markit economist Samuel Agass said.

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