Friday April 25, 2014 Search
Weather | Athens
21o C
15o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Manufacturing output rose in November for first time since 2009, says Markit

Greek manufacturing output increased for the first time in more than four years in November, according to Markit’s PMI data published on Monday, which showed that the firm’s composite index had reached a 51-month high.

“November saw output at Greek manufacturers rise for the first time since September 2009, which in turn helped lift the headline Markit Greece Manufacturing Purchasing Managers’ Index (PMI) from 47.3 in October to 49.2, its highest level in 51 months,” according to Markit.

“New orders meanwhile stabilised after having fallen in the prior month and employment decreased at a slower rate, both developments also contributing to the PMI’s rise,” the report added.

“Production levels at Greek manufacturers rose slightly during November, thereby ending a run of contraction that started in late-2009. Growth was confined to just the consumer goods sector, however, with intermediate and capital goods manufacturers recording lower output levels.”

Markit, however, added that job losses continued in November although at the slowest rate for almost four years.

“November’s survey brought better news on numerous fronts, most notably by showing factory output levels rising for the first time since late-2009, albeit only marginally,” said the report’s author, Markit economist Phil Smith. “A flat trend in new orders after a renewed decline in the previous two months was another positive development, although insufficient for sustained growth in output.”

ekathimerini.com , Monday December 2, 2013 (12:32)  
Ellaktor lands major Doha metro project
World seeks produce from Greece
Eurobank opens book for capital increase
Gov’t presents its growth model for the coming years
Work at new Athens cultural center gathering pace
It was revealed on Thursday that the outer shell of buildings at the Stavros Niarchos Foundation Cultural Center should be completed by July 28. The planting of trees and shrubs on the 17-he...
Greece makes request for debt relief as loan tranche approved
Greece made its first official request on Thursday for further debt relief as the Euro Working Group (EWG) met in Brussels to rubber-stamp the 2013 primary surplus and approve the release of...
Inside News
SOCCER
4,000 officers to police Greek Cup final
Police says it will ban mass gatherings in central Athens amid heavy security measures planned for Saturday's Greek Cup final between Panathinaikos and PAOK at the Olympic Stadium. More than...
BASKETBALL
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Inside Sports
COMMENTARY
At the mercy of fools
The death of a young man at an Easter lunch in a village near Rethymno on Crete and the very serious injury of an American guest at a Resurrection ceremony on Santorini must not be forgotten...
COMMENTARY
Putting the party above the country
The case of Sabiha Suleiman, the Roma activist whose candidacy for the European Parliament was announced by SYRIZA only to be withdrawn shortly afterward, is an illustration of the leftist o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Ellaktor lands major Doha metro project
2. World seeks produce from Greece
3. Eurobank opens book for capital increase
4. Gov’t presents its growth model for the coming years
5. Work at new Athens cultural center gathering pace
6. Greece makes request for debt relief as loan tranche approved
more news
Today
This Week
1. Ellaktor lands major Doha metro project
2. Putting the party above the country
3. Three missing from cargo ship that went down off Crete
4. Central Athens cleanup a sign of Greece's turnaround
5. Strong card in debt talks
6. Samaras meeting with Dimon key to Greek return to bond markets
Today
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Putting the party above the country
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.