Business expectations in industrial sector up in December

In particular the index reached at 100.4 points, from 95.5 points in November, a level, however, lower than last year's corresponding point (109.1 points).

According to the bulletin of developments in the industry published today by IOBE, there was a rise in industrial production by 1.1% in November compared to October, as well as a decline of 1.2% (y-o-y) in Greece, compared to an increase of 1.6% in EU27. There was also a rise for domestic manufacturing of 2.5% (y-o-y), a new increase in industrial exports, 29.8% in October (y-o-y), but also an increase in the trade deficit to 4.8 billion euros from 2.9 billion. euros a year ago.

In particular, in the third quarter of 2022 there was a strengthening of the industry turnover index of 36.4% (y-o-y) in Greece against 22.5% in the EU27 (constant prices). At current prices, total economic activity rose 42.8% in the third quarter of 2022 (y-o-y), following a rise of 24.9% a year earlier.

It is noted that in the third quarter of 2022 manufacturing showed the highest increase, 44.2% from 3.1% a year ago.