ECONOMY

Greek manufacturing growth slows in August, PMI data shows

Greek manufacturing growth slows in August, PMI data shows

The Greek manufacturing sector remained on an upward trend during August, according to the latest PMI data from S&P Global, although the pace of growth slowed again.

Specifically, S&P Global’s seasonally adjusted Purchasing Managers’ Index (PMI) for the Greek manufacturing sector stood at 52.9 points in August, down from 53.2 points in July, indicating a steady but slower improvement in the manufacturing sector.

Operating conditions have been improving on a continuous monthly basis since February 2023, but the recent rate of increase was the weakest since last December.

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