In April, the seasonally adjusted PMI (Purchasing Managers Index) of Markit, closed at 51.1, for the Greek manufacturing sector, a higher rate than the 49.7 points in March.
The index remained above the no-change 50 point stage which separates growth from contraction for the third time so far in 2014.
The rapid growth of production, the many new orders and of course, the re-employments contributed to the increase of the index rate. According to Markit, the increase is an indication of confidence of Greek manufacturers that the recovery of the sector is now more stable.
In other sub-sectors, inventory levels continued to decline significantly and factory prices fell at the fastest pace recorded in about a year.
The data indicated that during April, there was a rise in production levels of Greek manufacturers for the sixth consecutive year and in order to cope with the growing influx of orders and increased production requirements, Greek manufacturers increased employment levels in April, for the first time in six years.
The average market prices remained mostly stable for the month of April, after a slight decline in the previous period of audit.
Factory prices in Greece fell significantly while the data in April suggested a further reduced level of backlog work in the factories of manufacturers operating in Greece.
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