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Greek PMI manufacturing grows fast November 3, 2007

Posted by grhomeboy in Business & Economy.
Tags: , ,

Growth in Greece’s manufacturing sector was the fastest in more than seven years in October as the purchasing managers’ index (PMI) rose to 55.3 from 53.8 points in September, a monthly survey of around 300 companies showed.

The 50 mark separates contraction from growth. The PMI provides a snapshot of operating conditions in manufacturing. Manufacturers continued to expand production on increased order volumes, NTC Research, which did the survey, said. New customers bolstered demand from abroad in October.

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