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INDUSTRY
Greek manufacturing sector in recovery in July 2024
S&P Global's seasonally adjusted Purchasing Managers' Index (PMI) for the manufacturing sector in Greece closed at 53.2 points in July, down from 54 points in June, indicating a steady recovery in operating conditions for Greek manufacturers.
General industrial producer price index down 0.7% in June
The general producer price index for industry decreased by 0.7% in June, compared to June 2023 and compared to a decrease of 11.7% in the corresponding comparison of the 2023 and 2022 indices.
Greek industry turnover up 4.6% in May
In May, turnover in the Greek industry increased year over year, although it trended lower than it did in April.
Lower economic sentiment due to industry and retail trade
While consumer confidence has slightly improved, the IOBE's Industrial Developments Bulletin indicates a weakening of the economic environment as a result of the decline in industry and retail trade.
Import prices up 2.8% in May
The General Index of Import Prices in Industry showed an increase of 2.8% compared to a decrease of 20.8% recorded when comparing the corresponding indices of the years 2023 and 2022.
Industrial production increased by 5.8%
May 2024 saw an annual increase in the General Index of Industrial Production of 6.7%.
Economic sentiment in Greece weakened marginally in June
The relevant index decreased slightly from 111.0 points in May to 110.6 points in June, reflecting a slight weakening of the economic environment, according to IOBE's economic sentiment surveys.
Producer price index down 1.4% in May
When compared to the corresponding index for May 2023, the General Producer Price Index for Industry showed a 1.4% decline in May 2024.
18% surge in turnover in April
According to ELSTAT, the General Index of Industrial Turnover for April 2024 increased by 18.0% when compared to the corresponding index for April 2023, while it decreased by 7.4% when compared to the corresponding comparison for April 2023 and April 2022.
Industrial production up by 10.8% in April
In April 2023, industrial production grew by 10.8% when compared to the same month in 2022; in 2023, it increased by 4.4% when compared to 2022.
Monthly industrial turnover up 4.9% in March - Down 6% year-on-year
Greek industrial turnover in March was much higher than in February, but on an annual basis it was much lower, primarily because of the mining sector's sharp decline.