In­dus­trial out­put.

Kathimerini English - - Focus -

cuts and a multi-year re­ces­sion took a heavy toll on Greek house­hold in­comes. De­fla­tion in the coun­try hit its high­est level in No­vem­ber 2013 when con­sumer prices reg­is­tered a 2.9 per­cent year-onyear de­cline. The econ­omy emerged from de­fla­tion in June 2016.

Greek in­dus­trial out­put in­creased 2.0 per­cent in Septem­ber com­pared to the same month last year, af­ter a down­wardly re­vised 1.0 per­cent in­crease in Au­gust, statis­tics ser­vice ELSTAT said yes­ter­day. Look­ing at in­dex com­po­nents, man­u­fac­tur­ing pro­duc­tion in­creased 1.3 per­cent from the same month last year, while min­ing out­put fell 14.7 per­cent. Elec­tric­ity pro­duc­tion rose 10.7 per­cent with wa­ter out­put down 2.2 per­cent. in Turkey with oil from dif­fer­ent pro­duc­ers in Eu­rope, the Black Sea re­gion and the Gulf, the head of SOCAR’s trad­ing arm said in an in­ter­view yes­ter­day. Ad­nan Ah­madzadeh, Socar Trad­ing ex­ec­u­tive chair­man, also said the com­pany would soon start sell­ing polypropy­lene and low­pres­sure poly­eth­yl­ene from Socar’s poly­mer plant, which started op­er­at­ing in Au­gust. As for the fer­til­izer car­bamide (urea), which is ex­pected to be pro­duced at a plant in the city of Sum­gait in 2019, ex­ports will fo­cus on Turkey, Ro­ma­nia, Ukraine, Bul­garia, Greece, Is­rael and Italy.

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