Turnover in in­dus­try drops 13.4 pct from a year ear­lier

Kathimerini English - - Front Page - DIMITRA MANIFAVA

The in­dus­trial turnover in­dex stayed at par­tic­u­larly low lev­els for an­other month, with data on prod­ucts head­ing to for­eign mar­kets be­ing of par­tic­u­lar con­cern.

Data re­leased by the Hel­lenic Sta­tis­ti­cal Author­ity (ELSTAT) yes­ter­day for the in­dex in the month of May showed the high­est read­ing for the year so far, How­ever, it re­mains a long way from lev­els that would ren­der the Greek in­dus­try sus­tain­able, with growth prospects and with the po­ten­tial for job cre­ation.

In comparison with May 2015, the in­dex posted a de­cline of 13.4 per­cent, af­ter a 3.8 per­cent drop recorded last year from May 2014. This leads to the con­clu­sion that Greek in­dus­try has a huge chal­lenge ahead to cover the ground it lost due to the dra­matic eco­nomic and po­lit­i­cal events of last sum­mer, to say noth­ing of re­turn­ing to growth.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.