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Greece Factory PMI Continues To Signal Deterioration

The deterioration in business conditions in the Greek manufacturing sector remained severe in February, though the pace of decline slowed, survey results from Markit Economics showed Friday.

The Markit Greece Manufacturing Purchasing Managers' Index rose to a nine-month high of 43 in February from January's 41.7. However, PMI scores below 50 reflects contraction in the sector.

The rate of decline in new orders, output, employment and stock levels slowed. Input price inflation eased, while output prices continued to be cut.

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