Saturday April 25, 2015 Search
Weather | Athens
14o C
09o 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)  
Construction material costs slide anew
Navios taps German shipping opportunities
Gov’t eyes state company reserves
Thessaly stores likely to remain closed on first Sunday of spring sales
Greece not playing a game of chicken on debt
Greek Foreign Minister Nikos Kotzias said on Friday he respects Germany just not German politics, nor the way Berlin views Greece’s economy, which faces the prospect of running out of money ...
Tsipras to see local officials as decree dispute heats up
Prime Minister Alexis Tsipras is due to meet regional governors and mayors in Athens on Saturday in an attempt to defuse a political row that has erupted as a result of the government’s deci...
Inside News
SOCCER
Rival soccer fan clashes leave man stabbed
One man was stabbed and several others slightly injured as rival Thessaloniki club fans clashed late on Friday at an event held by Aris supporters. Reports from Greece’s second city stated t...
TRACK & FIELD
Grabbing the shoes that have gone a long way
Greek Marathon legend Maria Polyzou is calling on everyone to join her in her charity run at the Dusseldorf Marathon on Sunday, April 26, by bidding for her special shoes she will race in an...
Inside Sports
COMMENTARY
Five years ago
This week marks five years since Greece officially entered a period of crisis when then Prime Minister George Papandreou announced that the country would seek a bailout from the eurozone and...
EDITORIAL
Slippery slope
The extremely divisive language that is currently being used by parliamentary deputies and coalition ministers is both unacceptable and dangerous. It is high time that the tired, old argumen...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greece not playing a game of chicken on debt
2. Rival soccer fan clashes leave man stabbed
3. Tsipras to see local officials as decree dispute heats up
4. Kotzias talks Cyprus at UN
5. Construction material costs slide anew
6. Navios taps German shipping opportunities
more news
Today
This Week
1. Five years ago
2. Greece not playing a game of chicken on debt
3. Slippery slope
4. Greece offers concessions in talks with creditors
5. EU frustration mounts as Greeks try to sidestep aid process
6. FinMin sources say gov't 'not bluffing' in opposing austerity
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek government's popularity takes a hit as talks drag on
3. Putting off payments led to Q1 budget primary surplus
4. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
5. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
6. Europe's collision course with Greece
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.