Economy Ministry: Progress on different fronts of the Greek economy

Continued improvement in Greece’s manufacturing sector is reflected in the Purchasing Managers Index, according to the Economy Ministry on Monday.

«These messages are not isolated events. These are based on progress on different fronts that have been taking place in the Greek economy and its improving prospects for 2018,» according to the ministry.

This is in combination with talks on debt reduction, that are currently in progress, the drawing up of complete development plans to be presented in April and the cash reserves being built up by the government, added the ministry.

Earlier today, data on the Greek Purchasing Managers’ Index (PMI) for March showed that it eased slightly to 55 points in March from 56.1 points in February as the growth rate of new orders, purchasing activity and production fell, while business confidence continued rising to new record-highs in the month, contributing to the most rapid increase in employment growth ever recorded.