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Investing.com -- Greece’s manufacturing sector has continued its growth into April, though at a slower rate than that of the previous month, according to a report by S&P Global on Friday.
The report also noted the easing of inflationary pressures, but highlighted that supply chain disruptions were still ongoing.
The S&P Global Greece Manufacturing Purchasing Managers’ Index (PMI), which is adjusted for seasonal variations, fell to 53.2 in April from 55.0 in March.
The PMI is a key indicator of economic health, with readings above 50.0 signaling growth and those below 50.0 indicating contraction.
The report suggests that the manufacturing sector in Greece is still on a growth trajectory, even though the pace has slowed from the previous month.
The easing of inflationary pressures is a positive sign for the sector, but persistent supply chain disruptions remain a challenge.
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