Greek manufacturing PMI increases to 48.0 in May

Market news

2 June 2015

Greek manufacturing PMI increases to 48.0 in May

Markit Economics released its manufacturing purchasing managers' index (PMI) for Greece on Tuesday. The Greek manufacturing PMI climbed to 48.0 in May from 46.5 in April.

A reading below 50 indicates a contraction in the sector.

The PMI remained below 50 due to lower output and new orders.

Upgrades and downgrades before the market open

Foreign exchange market. European session: the euro rose against the U.S. dollar after the better-than-expected consumer price inflation data from the Eurozone

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