Greek industrial turnover drop accelerates in April

EconomyMacroeconomy Tags: ELSTAT, Industrial

The Turnover Index in Industry remained in negative territory for the second straight month falling at an accelerating pace by 9.8 percent in April from -1.2 percent in March, according to the Hellenic Statistical Authority (ELSTAT). The April reading indicates the highest drop since December.

The headline figure has recorded a contraction in most of the monthly readings over the past 16 months, with the highest drop posted in the last three months of 2013 and April this year. That said, the average index shows a decline of 5 percent over the...

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