Industrial turnover and new orders indices rebound for second straight month

EconomyMacroeconomy Tags: ELSTAT, Industrial
Photo by Harry van Versendaal
Photo by Harry van Versendaal

The Turnover Index in Industry increased 1.7 percent in August, while New Orders Index in Industry also improved by 2.7 percent, according to the Hellenic Statistical Authority (ELSTAT). It is the second straight month both indices have rebounded concurrently, following a 3.7 percent and 1.6 percent respectively rise in July. It is also worth noting that on a twelve-month trailing basis both indices recorded a drop of 1.0 and 4.9 percent respectively.

The rise in the industrial turnover reflects an increase in the manufacturing and mining-quarrying sectors by 1.1 percent and an impressive 67.4 percent respectively. From a geographical perspective, turnover for the non-domestic market soared 16.7 perc...

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