PMI for Grækenland fra Markit:
Output at Greek factories fell markedly at the start of the second quarter, reflecting weakness in demand from both domestic and international markets. Streamlining was observed among businesses accordingly, with employment pared back and stock levels lowered. Charges were meanwhile reduced amid strong competitive pressures, adding to the squeeze on margins from faster cost inflation.
The headline seasonally adjusted Markit Greece Manufacturing Purchasing Managers’ Index® (PMI® ) – a single-figure measure of overall business conditions – registered below the 50.0 mark separating growth from contraction for the eighth month running in April. Moreover, at 46.5, down from 48.9 in March, the index’s latest reading was its lowest since June 2013.
Contributing to the headline index’s fall was a faster contraction in factory production in April – the most marked recorded for 22 months. Behind this were sharp and accelerated decreases in both intermediate and capital goods output. In contrast, consumer goods production posted a further, albeit slower, gain. Overall intakes of new orders at Greek manufacturers fell sharply in April, and at a much faster rate than in the previous month.
This extended the current sequence of decline in total new orders to eight months. Weakness on the order front partly reflected a further loss of new business from abroad. Reports from panellists highlighted that uncertainty and political instability had stymied client interest
