Greek June Industrial Orders, Turnover Grow

[Angelo]

Greek June Industrial Orders, Turnover Grow
8/19/2008 7:05 AM ET
TOP MARKET NEWS





(RTTNews) - Tuesday, the General Secretariat of the National Statistical Service of Greece said in its preliminary report that industrial new orders increased 10.9% year-on-year in June, quicker than revised 8.1% rise seen in May. A year ago, industrial new orders had decreased 8.9% in June. Annual growth for May was revised from 8% reported earlier.

In a separate communiqué, the statistical office announced that the industrial turnover index surged 16.8% year-on-year in June, a bigger growth compared to May's 13.4% rise. In the year-ago period, the industrial turnover index had fallen 3.3%.

Compared to the previous year, the manufacturing turnover climbed 17.3%, while turnover in the mining and quarrying sector fell 6.7%.

In June, among the main industrial groupings, the biggest increase of 51.8% was recorded in the energy sector. Turnover of intermediate goods and consumer durable goods rose 11.2% and 2.7% respectively. Meanwhile, turnover of capital goods was down 13.2%.

by RTT Staff Writer

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