Saturday August 30, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Rise in Greek industrial output points to stabilization

Greek industrial output rose in December for the first time in six months, adding to signs that the economy may be bottoming out after a six-year slump.

Industrial production rose 0.5 percent year-on-year in December after a revised 5.4 percent drop the previous month, boosted by a 7.1 percent rise in electricity production, data from the country’s statistics service showed on Monday.

Industrial production series are usually volatile and subject to sizable revisions.

Greece’s economy is on the cusp of recovery this year after shrinking by about a quarter through six straight years of recession.

December’s reading meant industrial output shrank 3.6 percent in 2013 overall.

The sector has been in decline since 2008, contracting by a full 30 percent from its peak.

Athens projects gross domestic product will expand by 0.6 percent this year.

Manufacturing sentiment was pointing toward growth for the first time in almost four years in January, based on the latest PMI indicator.

“The positive reading reflects rising foreign orders and better domestic demand for industrial products,” said Eurobank economist Platon Monokroussos.

“Viewed with the latest PMI readings, it suggests a stabilization in industrial activity following the steep decline over the last years.”

[Reuters]

ekathimerini.com , Monday February 10, 2014 (20:15)  
Ministry launches work experience program for unemployed graduates
Tax burden in Greece among EU’s heaviest, study reveals
Coalition bent on protecting weaker groups
Loaded agenda for Paris talks
New Democracy aims to ease tax burden, attack SYRIZA’s policies as leaders’ Thessaloniki speeches near
New Democracy is to follow a two-pronged strategy in the coming days as it attempts to win over voters by pledging to tend to their tax concerns while also mounting a campaign to discredit S...
Infrastructure Minister assures officials over coastal revamp
A radical overhaul of the southern Athens coast at Faliro Bay will be put to tender in December, Infrastructure Minister Michalis Chrysochoidis said Friday at a meeting with officials from t...
Inside News
SOCCER
Tough draw for Greek sides in Europe League Greek stage
Following Thursday night’s high, when all three Greek teams competing in the Europa League made it into the group stage of the competition, a harsh reality struck Friday as they found out wh...
JUDO
Greek judoka Iliadis triples up as Aguiar stuns Tcheumeo
Greek star Ilias Iliadis claimed his third world title in the under-90kg category in Chelyabinsk on Friday as Brazilian Mayra Aguiar and Colombian Yuri Alvear won gold in the women’s under-7...
Inside Sports
ANALYSIS
Greek quest for debt relief faces hurdles in Paris
As Greek Prime Minister Antonis Samaras tries to follow Ireland and Portugal out the bailout exit door, he faces a month of bargaining. For a nation that’s already gone through the biggest d...
COMMENTARY
Stifled dreams
At more or less the same time every year, we see the same images of high school graduates looking through the Education Ministry’s lists of those who passed and those who failed the national...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Ministry launches work experience program for unemployed graduates
2. Tax burden in Greece among EU’s heaviest, study reveals
3. New Democracy aims to ease tax burden, attack SYRIZA’s policies as leaders’ Thessaloniki speeches near
4. Coalition bent on protecting weaker groups
5. Infrastructure Minister assures officials over coastal revamp
6. Deadline for ENFIA tax pushed back to September 30
more news
Today
This Week
1. Strong undersea quake occurs off island of Milos, felt in Athens
2. Greek quest for debt relief faces hurdles in Paris
3. Dozens of migrants intercepted in the Aegean
4. Rendi shootout leaves would-be hypermarket robber dead
5. Gov't jet carrying Venizelos back from Turkey conducts emergency landing
6. Tight security in place for City of Athens ceremony as GD MP, supporters to attend
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. Purification rituals
3. The battle against progress
4. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
5. Athens finalizes Paris talks goals
6. Aftershocks rattle Halkidiki after strong 5-Richter quake
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.