Markit Economics released its manufacturing purchasing managers’ index (PMI) for Greece on Friday. Greece’s manufacturing purchasing managers’ index (PMI) rose to 49.0 in March from 48.4 in February.
New orders and production remained below 50 in March, while employment rose slightly.
“Survey data for March signals a further deterioration of operating conditions in the manufacturing sector of Greece. However, the downturn has eased considerably from the lows of last summer,” Markit economist Samuel Agass said.
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