Summary : Greek manufacturing activity declined in July, hit by faster contractions in production and new orders as high inflation took a toll on client demand, a survey showed on Monday.
July’s reading was the fastest downturn in the health of Greek manufacturing since December 2020.
“The loss of growth momentum seen across the Greek manufacturing sector since the start of the year resulted in the first contraction since February 2021,” said S&P Global economist Sian Jones.
New orders shrank sharply in July, in contrast to the strong expansion seen at the start of the year.
<<<<<<<<<<<<<<<<<<<<<
