Notable drop of 13.3 pct in industrial turnover in January

EconomyMacroeconomy Tags: ELSTAT, Industrial

After a modest drop by 1.3 percent in December, the decline in Greece’s Turnover Index plummted by 13.3 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.

The sharp decline in January largely reflects manufacturing turnover (-13.1 percent), while mining and quarrying turnover tumbled 25.3 percent. However, the latter makes up just a fraction of the overall index.

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