Greek Manufacturing Shrinks Most in 15 Months as Aid Talks Stall

Greek manufacturing shrank the most in more than a year in January, highlighting the economy’s weakness at a time the government is trying to break yet another deadlock in bailout talks.

Greece’s Purchasing Managers’ Index fell to 46.6 last month from 49.3 in December, London-based IHS Markit said in a statement on Wednesday. The reading -- below the the key 50 mark that divides expansion from contraction -- is the lowest level since September 2015, when Prime Minister Alexis Tsipras was reelected after agreeing to a bailout harsher than the one he asked Greeks to reject in a referendum just two months earlier.