IOBE: Increased business expectations index in industry in March

The business expectations rose to industry In March 2025, setting the index at 112.4 points (from 110 points a month ago), slightly uplifted compared to the previous year (111.9 points), according to a bulletin IOBE.

As noted in the IOBE industry, external uncertainties, in a climate of protectionism in international trade, are expected to affect extroverted parts of the economy. Strengthening European business alliances in important sectors may also create new opportunities for Greek businesses as well.

In terms of industrial production, a marginal reduction was reduced 0.2% in February over a year before Greece, compared to 0.6% in the EU27. Mixed trends were also recorded in the individual sectors of industry in February.

Specifically, reinforcement for processing (0.8%) and stronger for mines (4.5%), but retreat for electricity (-5.3%). In sectors of high importance for the Greek economy, there were rises in basic metals (12.4%), food (7.3%) and pharmaceuticals (3.9%).

In the fourth quarter of 2024, employment in industry rose by 0.2%to 428.7 thousand people compared to the corresponding quarter of 2023. It also rose employment throughout the economy (+2.3%, Yoy), with employees reaching 4,279 thousand in the first quarter of 2024. before). The manufacturing costs in manufacturing stood at 115.0 points in the fourth quarter of 2024, up 6.2% over a year ago.

Import prices remained unchanged in January from a marginal rise of 0.6% a month earlier, with prices rising in the eurozone, 2.3% on a milder rise of 0.5% in the previous month.

Industrial exports amounted to EUR 2.4 billion in January, increased by 2.4% (Yoy). A reduction was recorded in the commercial deficit of 3.5 billion euros from € 3.6 billion a year earlier.

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