Greece's purchasing managers' index for the manufacturing sector climbed into the expansion territory for the first time in 53 months in January, a survey by Markit Economics showed Monday.
The headline PMI, an indicator of the country's manufacturing performance, breached the boom-bust threshold of 50 to reach 51.2 in January, up from 49.6 in December.
This was the first reading above the no-change mark of 50 since August 2009, reflecting solid expansions in output levels and new orders.
Production levels at Greek manufacturers rose at the fastest pace since September 2008, Markit said. The pace of increase in new orders was the most marked for just under four-and-a-half years and partly reflected a slight rise in new export orders.
However, the rate of job shedding at manufacturers remained solid despite having eased slightly to the weakest in a little over four years, the survey found.
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