The Index of Business Expectations in the Industry increased in February to 111.5 points (from 107.4 points in January), but the performance is lower than the corresponding one last year when it was formed at 116.7 points.
According to the IOBE, the initial concern about a recession in Europe during the winter seems to have disappeared, while there are also early signs for the coming tourist season that are more positive than expected.
The months of guaranteed production fell to 5.1 months, with the factory capacity utilization rate weakening to 72.9% in February this year (from 74.2% in January).
The fallout from the war in Ukraine, the energy crisis and inflation have been heavily built into expectations.
The months of guaranteed production fell to 5.1 months, with the factory capacity utilization rate weakening to 72.9% in February this year (from 74.2% in January).
Industrial production showed a slight decline in January compared to December. There was also a rise in industrial production of 1.6% (y-o-y) in Greece, compared to a rise of 1.0% in the EU27, as well as an increase in domestic manufacturing of 8.2% (y-o-y).
New strengthening of industrial exports, 29.6% was noted in December (y-o-y) but also a rise in trade deficit to 3.8 billion euros from 3.3 billion euros a year ago.
