According to new reports, business conditions in the Greek manufacturing sector continued to improve at the end of the third quarter, building on growth in each of the preceding three months.
Driving the expansion was another high increase in domestic demand, which encouraged firms to further enhance their productive capacity by taking on new workers and raising their purchasing activity.
In turn, this led to a marked expansion in output and an improvement in business confidence.
The seasonally adjusted IHS Markit Greece Manufacturing Purchasing Managers’ Index (PMI) – a composite indicator designed to measure the performance of the manufacturing economy – posted above the 50.0 no-change threshold in September to signal a further improvement in Greek manufacturing sector conditions.
Moreover, at 52.8, up from 52.2 in August, the latest figure highlighted the fourth consecutive improvement and the sharpest since June 2008.
