In April 2024, Greece's manufacturing purchasing managers' index (PMI) dropped to 55.2, down from 56.9 in March 2024, according to S&P Global. This decline suggests a slight slowdown in the manufacturing sector's growth. The data was updated on May 1st, indicating recent developments in the Greek economy.
The PMI is a key indicator of economic health as it provides insight into the operating conditions in the manufacturing sector. A reading above 50 indicates expansion, while a reading below 50 suggests contraction. Despite the slight decrease in April, Greece's manufacturing sector continues to signal growth, albeit at a slightly slower pace than in the previous month. Analysts will be closely monitoring future PMI figures to assess the trajectory of the country's manufacturing industry and overall economic performance.
