Greek industry: 7.4% decline in turnover ratio in April 2023

The Hellenic Statistical Authority announced the Turnover Index in Industry with base year 2015=100.0 for April 2023, the evolution of which on the basis of provisional data, is as follows:

The Overall Turnover Index in Industry (both Domestic and Non-Domestic Market) in April 2023 recorded a decrease of 7.4% compared with the corresponding index of April 2022. The Overall Turnover Index in Industry in April 2022 increased by 34.1% compared with the corresponding index in April 2021.

The Overall Turnover Index in Industry in April 2023, compared with March 2023, recorded a decrease of 12.3%.

The average Overall Turnover Index in Industry for the 12-month period from May 2022 to April 2023 increased by 22.7%, compared with the corresponding index of the 12-month period from May 2021 to April 2022. The average Overall Turnover Index in Industry for the 12-month period from May 2021 to April 2022 increased by 33.4% compared with the corresponding index of the 12-month period from May 2020 to April 2021

Evolution of the Overall Turnover Index in Industry in April 2023

I. Annual changes of the Overall Turnover Index in Industry: April 2023/April 2022

The 7.4% decrease in the Overall Turnover Index in Industry in April 2023, compared with the corresponding index in April 2022, was due to the following:

1. Changes in the sub-indices of the industrial sections:
• The Turnover Index in Manufacturing decreased by 7.6%. The decrease was mainly the result of the annual changes of the sub-indices in the following 2-digit divisions: chemicals and chemical products, basic metals, coke
and refined petroleum products.
• The Turnover Index in Mining and quarrying increased by 11.8%. The increase was the result of the annual change of the sub-index in the following 2-digit division: other mining and quarrying products.

2. Changes in the sub-indices in Domestic and Non-Domestic Markets:
• The Turnover Index in Industry in Non-Domestic Market decreased by 14.4%.
• The Turnover Index in Industry in Domestic Market decreased by 2.9%

II. Annual changes of the Turnover Index in Industry in Domestic Market: April 2023/April 2022

The 2.9% decrease of the Turnover Index in Industry in Domestic Market in April 2023, compared with April 2022, is due to the annual changes in the sub-indices of the following industrial sections:
•The Turnover Index in Manufacturing decreased by 3.0%. The decrease was mainly the result of the annual changes of the sub-indices in the following 2-digit divisions: tobacco products, chemicals and chemical products, rubber and
plastic products.
•The Turnover Index in Mining and quarrying increased by 9.2%. The increase was the result of the annual change of the sub-index in the following 2-digit division: other mining and quarrying products.

III. Annual changes of the Turnover Index in Industry in Non-Domestic Market: April 2023/April 2022

The 14.4% decrease of the Turnover Index in Industry in Non-Domestic Market in April 2023, compared with April 2022, was due to the following:

1. Changes in the sub-indices of the industrial sections:
• The Turnover Index in Manufacturing decreased by 14.7%. The decrease was mainly the result of the annual
changes of the sub-indices in the following 2-digit divisions: basic metals, chemicals and chemical products,
electrical equipment, coke and refined petroleum products.
• The Turnover Index in Mining and quarrying increased by 14.5%. The increase was the result of the annual
change of the sub-index in the following 2-digit division: other mining and quarrying products.

2. Changes in the sub-indices in Eurozone and Non-Eurozone countries:
• The Turnover Index in Industry in Non-Eurozone countries decreased by 20.1% (Table 5).
• The Turnover Index in Industry in Eurozone countries decreased by 3.8%

IV. Monthly changes of the Overall Turnover Index in Industry: April 2023/March 2023

The 12.3% decrease of the Overall Turnover Index in Industry in April 2023, compared with the corresponding index in March 2023, was due to the following:

1. Changes in the sub-indices of industrial sections (Table 6):
• The Turnover Index in Mining and quarrying decreased by 30.7%.
• The Turnover Index in Manufacturing decreased by 12.1%.

2. Changes in the sub-indices in Domestic and Non-Domestic Market:
• The Turnover Index in Industry in Non-Domestic Market decreased by 19.7% (Table 8).
• The Turnover Index in Industry in Domestic Market decreased by 7.5% (