ECONOMY

Grim figures for industrial sector in June

An employee is seen working at an industrial plant in Serres, northern Greece, in this file photo. Data made public by the National Statistical Service (NSS) yesterday showed industrial turnover in June fell 26.8 percent year-on-year. For the same month, new industrial orders plummeted 36 percent on an annual basis. Economists say the decline is likely to have a negative impact on employment in the sector, which is heavily exposed to the negative international environment. In June, Greece’s industrial output fell 11.4 percent year-on-year, contracting for the 14th consecutive month. Analysts had predicted signs of stabilization to appear in the sector in the third quarter of 2009.