ECONOMY

Furniture industry declining

The declining course of the furniture industry in Greece continued in the first five months of this year, although losses are smaller compared to last year. Hellenic Statistical Authority data indicate that production volumes declined by 8.8 percent in the January-May 2010 period from the same period last year, after a drop of 26.5 percent for the whole of 2009 compared with 2008. However, in May alone the decline was 35 percent lower than the same month five years earlier.