Greece’s stock market plunged nearly 23% on Monday when it reopened after a five-week shutdown brought on by fears that the country was about to be dumped from the eurozone.
The main Athens stock index fell to in worst ever one-day performance after only a few minutes of trading.
With capital controls, banks closed and slumping demand, Greece’s factory output fell to its lowest level on record in July.
The manufacturing sector – which makes up about 10% of the economy – fell to 30.2 points according to Markit’s montly purchasing managers index. Anything below 50 is a sign of contraction. This is the worst performance since the company started compiling the data in 1999
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