In third straight month of decline, industrial turnover falls 4.9 pct in May

EconomyMacroeconomy Tags: ELSTAT, Industrial

The Turnover Index in Industry continued heading south for the third successive month dropping by 4.9 percent in May from a revised -10.5 percent in April, according to the Hellenic Statistical Authority (ELSTAT).

The May performance indicates the ninth negative reading in the past 17 months, while four months showed a double-digit drop over this period. In addition, the average index posted a decline of 5.5 percent over the trailing 12 months.

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