Greece's manufacturing sector contracted in July after expanding in the previous month, survey figures from Markit Economics showed Monday.
The seasonally adjusted Purchasing Managers' Index, or PMI, dropped to 48.7 in July from 50.4 in the previous month.
Any reading below 50 suggests contraction, while a score above 50 indicates expansion in the sector.
Manufacturing output returned to contraction territory in July, as new orders decreased for the twenty-third successive month.
At the same time, new export orders grew in July, led by increased demand from France, Lebanon and Bulgaria.
Despite output contracting, goods producers raised their workforce numbers again in July. Moreover, the rate of job creation was the sharpest for nine years.
On the price front, input prices continued to rise in July, while output prices dropped after stabilizing in June.
"With unfinished business still declining and stock levels being reduced further, the likelihood of growth occurring in the second-half of 2016 seems slim," Samuel Agass, Economist at Markit, said.
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