In­dus­trial out­put con­tin­ues to suf­fer

Kathimerini English - - Front Page -

Greece’s in­dus­trial slump deep­ened fur­ther as out­put con­tracted in Novem­ber for a fifth con­sec­u­tive month, to the tune of 6.1 per­cent, Hel­lenic Sta­tis­ti­cal Au­thor­ity (ELSTAT) data showed on Thurs­day, high­light­ing the rav­ages of a six-year re­ces­sion even as the debt-laden econ­omy is show­ing ten­ta­tive signs of re­cov­ery else­where. The re­vised fig­ure for the pre­vi­ous month pointed to a 4.7 per­cent con­trac­tion. The re­duced pro­duc­tion of wood, petroleum, carbon and metal prod­ucts led to a 5.8 per­cent de­cline in man­u­fac­tur­ing out­put in Novem­ber. The drop brings the over­all de­cline in Greek in­dus­trial out­put to an an­nual pace of 3.9 per­cent in the first 11 months of the year, com­pared to a 3.4 per­cent drop for the whole of 2012. Greek in­dus­trial pro­duc­tion has been on the wane since 2008,

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.