ECONOMY

Greek industrial turnover declines 10.7 pct y-o-y

greek-industrial-turnover-declines-10-7-pct-y-o-y

Industrial turnover shrank by 10.7 percent in the 12-month period from December 2014 to November 2015, compared with the December 2013 to November 2014 period, figures published on Tuesday by the Greek statistical authority, ELSTAT, have shown.

The Turnover Index in Industry (both domestic and non-domestic market) in November 2015 compared with November 2014 recorded a decline of 10.1 percent, ELSTAT reported, adding that in November 2014, the annual rate of change of the Turnover Index in Industry was -0.6 percent.

By sector, turnover in mining and quarrying contracted by 14 percent and in manufacturing by 10.1 percent in November compared to the same month in 2014.
Also in November, industrial turnover for the domestic market shrank by 8.2 percent and for the non-domestic market by 12.4 percent.