Industrial production increased by 8% in November 2021 compared to the corresponding month of 2020, according to data published by the Hellenic Statistical Authority (ELSTAT).
The average General Index of Industrial Production for the period January – November 2021, compared to the corresponding index for the period January – November 2020, showed an increase of 10.0%.
On a monthly basis, the seasonally adjusted General Index of Industrial Production for November 2021, compared to the corresponding index for October 2021, showed a decrease of 1.2%.
The index of the sector of other manufacturing activities recorded the largest percentage increase, according to relevant information, while the index of the sector of machinery and equipment manufacturing recorded the largest percentage decrease in November 2021 compared to October 2021. When comparing its indices November 2021 with the corresponding indicators of November 2020, the largest percentage increase was recorded in the clothing sector, while the largest percentage decrease was recorded in the coal and lignite mining, crude oil and gas extraction, and mining support activities.
The increase of the General Industrial Index adjusted for the number of working days by 8.0% in November 2021, compared to the corresponding index of November 2020, came from the following changes in the indices of the sub-industrial sectors:
As concerns the increase:
• By 9.1% of the Manufacturing Index. The increase was mainly due to the changes in the indicators of the double-digit sectors: manufacturing of clothing, leather and leather industry, furniture, other manufacturing activities, manufacturing of motor vehicles, trailers and semi-trailers, production of tobacco products, printing and printing media, coke production and oil refining products.
• By 5.9% of the Mining – Quarrying Index. Changes in the indicators of the double-digit sectors contributed to this increase: other mines – quarries, mining.
• By 4.7% of the Electricity Supply Index.
• By 2.9% of the Water Supply Index.
Latest News
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight