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Greece Dec. Industrial Orders Drop At Faster Pace, Turnover Up 2.3%

Greece's industrial orders declined at a sharply faster pace in December, data released by the Hellenic Statistical Authority showed Monday.

Industrial orders decreased 9.4 percent on an annual basis in December, markedly faster than the 0.8 percent decrease recorded in November.

New orders in the domestic market fell 30.2 percent annually. Meanwhile, orders in the non-domestic market increased 5.1 percent during the month, with orders in the Eurozone and non-Eurozone countries rising 3.4 percent and 10.6 percent respectively.

In the year 2011, new orders in Greek industries increased on average 1.2 percent from the previous year, the agency said.

Separately, the agency said industrial turnover in Greece increased at a faster pace of 2.3 percent year-on-year in December than 0.3 percent in November. Turnover in the domestic market rose 1.9 percent annually, while non-domestic turnover dropped 2.5 percent during the month.

by RTTNews Staff Writer

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