Activity in the Greek manufacturing sector decreased at a record pace in February, indicating that the sector has fallen deeper into recession, data from a survey by Markit Economics showed Thursday.
The purchasing managers' index (PMI) for the manufacturing sector plunged to a historical low of 37.7 in February, signaling substantial deterioration in operating conditions. A PMI reading below 50 shows contraction in the sector, while one above shows growth. The index has now remained below neutral mark for the thirtieth consecutive month.
New orders received by Greek manufacturers decreased sharply during the month, with export orders falling for the a sixth successive month.
Firms reduced their workforces at the steepest rate since March 2009 in February. Input price inflation rose higher during the month, reflecting higher prices for fuel, plastics and steel. However, manufactures lowered output prices to the greatest degree for 33 months.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.