ECONOMY

In Brief

PMI rise reflects continuing manufacturing expansion Manufacturing production rebounded in December after a fall the previous month, according to the Purchasing Managers’ Index (PMI). The monthly survey of about 300 purchasing managers, as expressed in the seasonally-adjusted index, which gives a general picture of conditions in manufacturing, rose to 50.9 points last month from 49.2 in November. The result, according to the survey’s authors, indicates «an expansion in manufacturing for the 32nd month.» The main buyers, both at home and abroad, began showing greater confidence and placing orders which had been frozen after September 11. The development, combined with a marginally more optimistic economic situation, led to an increase in the level of employment from a fall in the previous month. The wider eurozone PMI rose to 44.1 versus 43.6 in November. Marine waste management. Merchant Marine Minister Giorgos Anomeritis yesterday signed the incorporation into national legislation of EU Directive 2000/59, requiring all port authorities to create installations for waste management that will receive all kinds of waste which vessels are obliged to deliver and pay for. The directive applies to all vessels which sail into ports of European Union member states. Its provisions must be implemented by December 12, 2002. -In the Continent, CSSA for 80,000 tons of cargo loading Dec. 30 N. Sea discharging UKC has fixed M/T «Hanne Knutsen» at W/S 145.