Greece Manufacturing Pmi Declines in April on decreased New Orders and Job Cuts

Greece Manufacturing Pmi Declines in April on decreased New Orders and Job Cuts




News
Greece Markit manufacturing PMI fell to 40.7, down from 41.3 in the last month on decreased new orders and job cuts
Weak domestic and difficulty to get working capital clubbed with a miner decline of international demand added to the fall
Rising raw material costs and higher oil prices, which are key sources of inflation, are eating the margin of the manufacturers
However, companies continued to offer discounts on their products in a bid to boost new order volumes.
Quotes
"April proved to be another difficult month for Greek manufacturers, with latest data again showing steep contractions across a number of key variables measured."
Paul Smith, Markit senior economist





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