According to the data published by Greek statistics authority ELSTAT, 12 of the 24 industrial sectors in Greece have seen an increase of industrial production in the first two months of 2014, compared to the same two-month period in 2013.
This is in part attributed to the marginal increased internal demand in the Greek market, which was coupled by a slight drop in the export of industrial goods. ELSTAT’s data shows that manufacturing increased by 1.5% in the two months; 1% in January and 1.9% in February. However due to the recession, industrial production is about 34% less than what it was in the 2005.
The industrial sectors that saw an increase of production during the first two months of 2014 are as follows
Food (1.2%), paper (2.5%), printing and media reproduction (1.3%), oil products (3.5%), chemicals (5.1%), plastics (7.3%), basic metals (4.8%), electronics and optical goods (107.3%), machinery (14.3%), vehicles (74%), furniture (9.3%) and machine repair/installation (15.2%)
Conversely, the other 12 industrial sectors that saw production drop in the first two months of 2014, compared to the same two-month period in 2013, are drinks (-4.2%), tobacco (-16.8%), textile materials (-14.3%), clothing (-7.7%), leather and footwear (-13%), timber (-32.7%), medication (-0.4%), non-metallic ores (-3%), metallic goods (-13.4%), electrical equipment (-16.7%), transport equipment (-6.3%) and other products (-9.1%).
