ECONOMY

Last quarter of 2014 contained year-on-year exports decline

Exports posted a smaller-than-expected decline last year compared to 2013, as the last quarter witnessed a reversal of the course indicated over the rest of the year.

Hellenic Statistical Authority figures showed on Monday that the value of exports in 2014 reached 27.17 billion euros, against 27.57 billion in 2013, or a decline of just 1.4 percent. This was against previous forecasts for a 2-2.5 percent drop.

When fuel products are exempted, exports show a marginal rise of 0.1 percent year-on-year.

In December exports grew 4.3 percent on an annual basis.

Food and livestock exports climbed 4 percent in 2014.