Monday November 24, 2014 Search
Weather | Athens
18o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek factory activity grows again in April, survey shows

Greek factory activity expanded again in April thanks to the first rise in employment in six years and faster increases in output and new orders, a survey showed on Friday.

Manufacturing activity has veered between contraction and growth since it logged its first month of expansion since mid-2009 in January.

Markit's purchasing managers' index for manufacturing, which accounts for about 10 percent of the Greek economy, rose to 51.1 in April from 49.7 in March, climbing back above the 50 line dividing growth from contraction.

"Faster growth in output and new orders helped bump the PMI back above the 50.0 threshold, but the return to growth in employment was the real highlight from Aprils survey, Markit economist Phil Smith said.

"It represented a show of confidence among manufacturers that the recovery in the sector is now more embedded."

Greece, which has been kept afloat by two multi-billion euro bailouts by the EU and IMF since 2010, has been stuck in a six-year slump that has reduced gross domestic product by about a quarter and driven unemployment to record highs.

Growth in new orders was slightly faster than the previous month, mainly in the consumer goods sector, the survey found.

Output also grew in the second-sharpest ruse in the past 67 months behind February's high.

Still, the survey found the net rise in staffing numbers was only slight and mainly attributed to increased production needs.

[Reuters]

ekathimerini.com , Friday May 2, 2014 (11:21)  
Athens deserves slack from creditors
Transfer tax to be based on actual property cost, not objective value
Key general meeting at OLP on Tuesday
Agenda
Cyprus on agenda in Biden visit to Istanbul
The prospects for the resumption of stalled peace talks on Cyprus and the issue of energy security were among the matters discussed on Saturday by US Vice President Joe Biden and Turkish gov...
PASOK nixes Papandreou leadership challenge
The junior coalition partner PASOK rejected over the weekend a proposal by the partys former leader and ex-premier George Papandreou for the party to call an emergency congress and a subseq...
Inside News
BASKETBALL
Olympiakos ends PAOKs unbeaten run in Basket League
Olympiakos put an end to PAOKs unbeaten run in the Basket League with an emphatic win at the Peace and Friendship Stadium, leaving Panathinaikos as the only team with a perfect record so fa...
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japans image and economy following the triple blow of the earthquake, tsunami and nuc...
Inside Sports
COMMENTARY
Extremism from a bygone era
There are times when we seem to be overcome by self-destructive madness. I hear various commentators and politicians speaking in extreme terms of a junta, of defections, gallows, collaborato...
EDITORIAL
No call for more games
Psychological warfare has been a part of the negotiations between the troika and Athens from the very start of the crisis. But the situation is much different now and troika decision-makers ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Olympiakos ends PAOKs unbeaten run in Basket League
2. Athens deserves slack from creditors
3. Transfer tax to be based on actual property cost, not objective value
4. Key general meeting at OLP on Tuesday
5. Agenda
6. Carlsberg to use Greece as regional junction
more news
Today
This Week
1. Extremism from a bygone era
2. No call for more games
3. Carlsberg to use Greece as regional junction
4. Transfer tax to be based on actual property cost, not objective value
5. Agenda
6. Key general meeting at OLP on Tuesday
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Anti-junta uprising anniversary to be marked amid tight security
4. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
5. Every age has its collaborators
6. Give Greece a chance
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.