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Greek PMI down in January

Markit announced that the Greek PMI fell to 50.0 in January from 50.2 in December, exactly at Markit’s critical no-change threshold, signalling a stabilisation of operating conditions in the sector, Markit announced yesterday.

Output levels posted a marginal drop in January, due to a lack of liquidity in the market.

New orders fell, whereas employee numbers grew (for a 2nd consecutive month), at the fastest rate since July 2007.