Monday, August 3, 2015

3/8/15: Greek Manufacturing PMI: In the Land of Imaginary Numbers

Markit Manufacturing PMI for Greece is outright disastrous.

Euro area Manufacturing PMI for July came out with a slight decrease on June 2015 reading, still beating (marginally) flash estimate:

Looking at countries ranked by PMI reading, Italy showed a surprise rise, while Austria posted a surprise fall:

But the real story is Greece:

One wonders, just how much more the Greek economy is going to contract before the Bailout 3.0 is finalised and just what new wondrously well-working structural reforms will be needed to get it out of the new hole?

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