Greek industry turnover increased by 35.4% in January

FILE PHOTO: Robot welders on the floor of Alfield Industries, a subsidiary of Martinrea, one of three global auto parts makers in Canada, in Vaughan, Ontario, Canada April 28, 2017. Picture taken April 28, 2017. REUTERS/Fred Thornhill/File Photo

The turnover in Greek industry marked a big increase, in January 2022.

According to Hellenic Statictical Authority – ELSTAT data the Overall Turnover Index in Industry (both Domestic and Non-Domestic Market) in January 2022 recorded an increase of 35.4% compared with the corresponding index of January 2021. The Overall Turnover Index in Industry in January 2021 decreased by 12.3% compared with the corresponding index in January 2020.

The Overall Turnover Index in Industry in January 2022, compared with December 2021, recorded a decrease of 18.6%.

The average Overall Turnover Index in Industry for the 12-month period from February 2021 to January 2022 increased by 29.5%, compared with the corresponding index of the 12-month period from February 2020 to January 2021. The average Overall Turnover Index in Industry for the 12-month period from February 2020 to January 2021 decreased by 13.1% compared with the corresponding index of the 12-month period from February 2019 to January 2020.

Evolution of the Overall Turnover Index in Industry in January 2022

I. Annual changes of the Overall Turnover Index in Industry: January 2022/ January 2021

The 35.4% increase in the Overall Turnover Index in Industry in January 2022, compared with the corresponding index in January 2021, was due to the following:

1. Changes in the sub-indices of the industrial sections :
The Turnover Index in Manufacturing increased by 36.0%. The increase was mainly the result of the annual changes of the sub-indices in the following 2-digit divisions: coke and refined petroleum products, basic metals,
chemicals and chemical products, food.

The Turnover Index in Mining and quarrying decreased by 12.6%. The decrease was the result of the annual changes of the sub-indices in the following 2-digit divisions: mining of coal and lignite – extraction of crude
petroleum and natural gas – mining support service activities, mining of metal ores.

2. Changes in the sub-indices in Domestic and Non-Domestic Markets:

Overall Turnover Index in Industry Turnover Index in Domestic Market

Turnover Index in Non-Domestic Market

II. Annual changes of the Turnover Index in Industry in Domestic Market: January 2022/ January 2021

The 30.3% increase of the Turnover Index in Industry in Domestic Market in January 2022, compared with January 2021, is due to the annual changes in the sub-indices of the following industrial sections:
The Turnover Index in Manufacturing increased by 30.7%. The increase was mainly the result of the annual changes of the sub-indices in the following 2-digit divisions: coke and refined petroleum products, basic metals,
rubber and plastic products.

The Turnover Index in Mining and quarrying decreased by 10.8%. The decrease was mainly the result of the annual changes of the sub-indices in the following 2-digit divisions: mining of coal and lignite – extraction of crude
petroleum and natural gas – mining support service activities, mining of metal ores.

III. Annual changes of the Turnover Index in Industry in Non-Domestic Market: January 2022/ January 2021

The 43.5% increase of the Turnover Index in Industry in Non-Domestic Market in January 2022, compared with January 2021, was due to the following:

1. Changes in the sub-indices of the industrial sections:
The Turnover Index in Manufacturing increased by 44.7%. The increase was mainly the result of the annual changes of the sub-indices in the following 2-digit divisions: coke and refined petroleum products, chemicals
and chemical products, food, basic metals.

The Turnover Index in Mining and quarrying decreased by 13.6%. The decrease was the result of the annual change of the sub-index in the following 2-digit division: mining of metal ores.

2. Changes in the sub-indices in Eurozone and Non-Eurozone countries:

The Turnover Index in Industry in Eurozone countries increased by 44.8% .

The Turnover Index in Industry in Non-Eurozone countries increased by 42.7%.

IV. Monthly changes of the Overall Turnover Index in Industry: January 2022/ December 2021

The 18.6% decrease of the Overall Turnover Index in Industry in January 2022, compared with the corresponding index in December 2021, was due to the following:

1. Changes in the sub-indices of industrial sections:
The Turnover Index in Mining and quarrying decreased by 46.0%.

The Turnover Index in Manufacturing decreased by 18.3%.

2. Changes in the sub-indices in Domestic and Non-Domestic Market:
The Turnover Index in Industry in Domestic Market decreased by 21.4%.

The Turnover Index in Industry in Non-Domestic Market decreased by 14.2%