The Business Confidence Index (BCI) in Greek industry recorded a slight drop in April, standing at 108.7 units (from 111.9 units a month earlier), marginally below last year’s level (108.9 units), according to the Foundation for Economic & Industrial Research’s (IOBE) Monthly Bulletin of Developments in Industry (May 2024).
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop. The balance for price forecasts remained unchanged hovering in the positive range.
The balance for orders and current demand continued to record negative signs, while the consumer goods index was reinforced due to positive production forecasts. However, the indices for Intermediate goods, and particularly for Capital goods, declined mainly due to falling forecasts for orders and demand.
The utilization rate of industrial capacity increased in April to 80.7% from 72.9% in January, with secured production reaching 6 months compared to 5.5 months in January.
Industrial production in Greece saw a slight 0.6% decline in March compared to a year ago when it fell by 1.0% in the EU27. Interestingly, industry sectors saw mixed trends, with electricity witnessing an 8.2% growth, while mining-quarrying recorded a 2.5% decrease and manufacturing a 2.2% drop.
In sectors of high importance for the Greek economy, an increase was recorded in Food (2.2%), but Pharmaceuticals saw a 9.7% decline while the Basic Metals sector was down (-2.1%).
The Foundation for Economic & Industrial Research (IOBE) is a private, non-profit, public-benefit research organization.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Report: Greater Athens Office Space in High Demand
In the Athens office sector there are currently plans for new developments with a total area of more than 108,050 sqm
First Meeting in D.C. Between Rubio, Greek FM Gerapetritis
State Dept. spox: Greece is a valued NATO Ally and critical to regional stability
On This Day in History: Chemical Structure of DNA Discovered
The double-helix model revealed how DNA replicates and how genetic information is passed from one generation to the next.
Digital Work Card for Tourism Sector Comes into Effect
The initiative aims to tackle the nagging problem of undeclared or partially declared labor
Inflation in Greece at 2.5% in 2025: Bank of Greece
Between 2025 and 2026, Greece’s economy is expected to grow by 2.5% and 2.3%, respectively—significantly outpacing the average growth rate of the eurozone
Tempi: Citizens Made History Throughout Greece – Biggest Protests Ever
Friday marked a history day in Greece, as the people spoke through unprecedented assemblies, honoring the victims of the tragic Tempi rail disaster and demanding justice
U.S. Deal with Ukraine Falls Through After Trump, Zelensky Fiery Exchange at WH
Following the discussions in the Oval Office before the press, Trump took to Truth Social on Friday, stating, “He is not ready for peace”
Registrations of Greek Businesses Surge in 2024
According to the report, business registrations across all economic sectors for the year 2024 reached 132,507, marking an 18.3% increase compared to 112,002 in 2023.
Shipping Community Calls for Clear Policies to Fully Exploit LNG as a Fuel
Maritime leaders urge EU to lead on methane abatement in shipping
Greek Hoteliers Push for a New Mountain Tourism Model
Industry experts believe that Greece’s diverse natural landscape has the potential to attract hundreds of thousands of Greek and international visitors—provided it is properly developed and promoted.
