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Investing.com -- Greece’s manufacturing sector maintained its expansion in May, according to a survey from S&P Global released on Monday.
This growth was fueled by a significant increase in new orders and an acceleration in output, despite facing challenges due to weak export demand.
The S&P Global Greece Manufacturing Purchasing Managers’ Index (PMI), a key indicator of economic health, remained steady at 53.2 in May.
A PMI reading above 50 signifies growth in activity, while a reading below 50 indicates contraction.
The steady PMI score in May indicates that the manufacturing sector in Greece continues to grow and is able to withstand the pressures of weak export demand.
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