Wednesday August 27, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek manufacturing sector grew in January for first time since 2009

Greece’s manufacturing sector expanded for the first time in 53 months in January, according to the Markit PMI figures published on Monday.

The Manufacturing PMI – a composite indicator designed to provide a single-figure snapshot of operating conditions in the manufacturing economy – in January reached 51.2, up from 49.6 in December.

This was the first time the index passed 50 since August 2009, reflecting expansion in output levels and new orders.

“Production levels at Greek manufacturers rose for the third month in succession in January,” added Markit. “Furthermore, the rate of expansion accelerated to a solid pace that was the fastest since September 2008. Intermediate goods production was the primary driver of the upturn.”

Markit, however, pointed out that job losses continued in the manufacturing sector.

“A slight rise in new export orders contributed to the improved performance, though data inferred that it was the domestic market that provided the principal boost,” said Markit economist Phil Smith.

“Deflationary pressures persist, with firms lowering their prices again amid ongoing efforts to grow sales. A knock-on effect of this was a further squeeze on profitability, which in turn encouraged the advancement of productivity and more job losses.”

ekathimerini.com , Monday February 3, 2014 (12:46)  
Draghi soothes bond market after summer of strife
New property tax details out
Minister takes up SMEs’ cause
Tender for telecoms upgrade near
ND honorary president taken to hospital
Former honorary president of New Democracy, former Prime Minister Constantinos Mitsotakis was being treated for a respiratory infection at a hospital in Hania, Crete, on Wednesday. According...
Venizelos hails Gaza ceasefire
Deputy Prime Minister and Foreign Minister Evangelos Venizelos on Wednesday hailed the announcement of a ceasefire between Israel and the Palestinians brokered in Cairo, Egypt, late on Tuesd...
Inside News
SOCCER
Roma signs Greece defender Manolas from Olympiakos for 13 mln
Greece international Kostas Manolas has joined Roma on a €13 million ($17 million) transfer from Olympiakos, as coach Rudi Garcia looks to strengthen his worrisome defense before Serie A sta...
SOCCER
Panathinaikos held in Super League opener, loses striker Berg to injury
Panathinaikos suffered a traumatic debut in the Super League on Sunday as they were held to a 1-1 draw by Levadiakos and lost star striker Marcus Berg for up to three months. The Swedish pla...
Inside Sports
COMMENTARY
Diplomacy, not dogmatism
A friend who moves comfortably within the circles of the European establishment recently described a particularly interesting experience when he found himself in a discussion behind closed d...
EDITORIAL
Preachers of hatred
Engaging in public dialogue regarding whether the anti-racism bill is mandatory and sensible is both legitimate and necessary at this current point in time. In the meantime, however, regardl...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. ND honorary president taken to hospital
2. Venizelos hails Gaza ceasefire
3. Draghi soothes bond market after summer of strife
4. ND gains one deputy as ousted MP sworn in Lamia mayor
5. New property tax details out
6. Minister takes up SMEs’ cause
more news
Today
This Week
1. ND gains one deputy as ousted MP sworn in Lamia mayor
2. Draghi soothes bond market after summer of strife
3. Venizelos hails Gaza ceasefire
4. ND honorary president taken to hospital
5. The battle against progress
6. Taxpayers granted six installments to pay property tax
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Brussels warns Greece over plans to allow construction near Korinos beach
3. Logged out of reality
4. Merkel cites euro’s ‘construction flaws’ as economy sputters
5. Second man held over double murder in Mani
6. Greek stock recovery fading away as ASE falls 21 pct on valuations
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.