Turnover in Greek industry was up year-on-year in May, but with a downward trend compared to April.

In particular, as ELSTAT announced, the General Index of Turnover in Industry (total domestic and external market) for May 2024, compared to the corresponding index for May 2023, showed an increase of 4.6% compared to a decrease of 12.5% in the corresponding comparison of 2023 with 2022.

The General Index of Industrial Turnover in Industry for May 2024, compared to the corresponding index for April 2024, showed a decrease of 5.7%.

The average General Index for the twelve months of June 2023 to May 2024, compared to the corresponding index for the twelve months of June 2022 to May 2023, showed a decrease of 2.9%, compared to an increase of 16.8% when comparing the corresponding previous twelve months.

ANNUAL

The 4.6% increase in the General Industrial Turnover Index in May 2024, compared to the May 2023 index, came from:

1. 1:

• An increase of 8.0% in the Mining-QQuarrying Index. This increase came from the change in the index of the two-digit industry: other mining and quarrying.
• 4.6% increase in the manufacturing turnover index. This increase was mainly driven by the changes in the indicators of the two-digit industries: production of coke and refined petroleum products, production of tobacco products, and distillery.

2. From the changes in the indicators of the individual markets:

•  6.0% increase in the Domestic Market Turnover Index
• An increase of 2.1% in the External Market Turnover Index

MONTHLY

The General Industrial Turnover Index decreased by 5.7% in May 2024 compared to the corresponding index in April 2024 because of the following reasons:

1. 1:

• A 10.0% decrease in the Mining-Quarrying Index of Work Turnover.
• A decrease of 5.7% in the Manufacturing Index of the labor Turnover Index.

2. By the changes in the indices of the individual markets:

• decrease by 11.2% of the Foreign Market Turnover Index.
• A decrease of 2.5% in the Domestic Market Turnover Index