Tuesday March 31, 2015 Search
Weather | Athens
14o C
09o 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)  
Greek deposit outflows said to slow to 3 bln euros
Greece opposes EU´s sanctions on Russia, Tsipras tells Tass
Russian firms to bid for Greek oil and gas drilling tender, says energy minister
How Grexit bill could dig deep into ECB pockets
Mother of Conspiracy convict released, girlfriend remains in custody
A council of appeals court judges decided on Tuesday to order the conditional release of the mother of two convicted members of the guerrilla group Conspiracy of the Cells of Fire, Christos ...
Greek museums and sites to stay open til 7 p.m.
Greece’s most popular museums and archaeological sites will be open for longer from Wednesday. The extended timetable, introduced for the first time last year, will run until October 31. Sit...
Inside News
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
Inside Sports
COMMENTARY
Amateur antics or overstepping the mark?
There are 149 plus two reasons why those who have been watching SYRIZA’s progress since its start cannot and never will be able to stomach the leftist party’s coalition with Independent Gree...
EDITORIAL
A pointless debate
Monday’s parliamentary debate between the country’s political leaders left a lot to be desired. There was no information whatsoever about the coalition government’s proposed reforms or the p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Mother of Conspiracy convict released, girlfriend remains in custody
2. Greek museums and sites to stay open til 7 p.m.
3. Vatopedi trial adjourned for second time
4. Greek coast guard picks up 51 irregular migrants off Cape Tenaro
5. Robbers make off with post office safe in Halkidiki
6. Greek deposit outflows said to slow to 3 bln euros
more news
Today
This Week
1. Amateur antics or overstepping the mark?
2. Parliamentary speaker prompts ND walkout, anger from PASOK, Potami
3. Greece, EU/IMF lenders end round of technical talks without deal
4. Investment guru Mark Mobius rules out Grexit, advises sell-offs
5. A pointless debate
6. Greek government proposes measures worth 3.7 bln
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.