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Text: "regional manufacturing conditions continued to improve in December. All of the broad indicators remained positive and suggest an expansion of activity. Increases in input prices were more widespread this month, and more firms reported increases in prices for their manufactured goods. The survey's broad indicators of future activity suggest that optimism among the region's manufacturing executives also continues to improve.
Moody's Investors Service today put Greece's local government and foreign currency-denominated bonds on watch for a possible downgrade, despite the country's "significant progress in implementing a very large fiscal consolidation effort."
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