Explosively increased year-on-year producer prices in industry and in July mainly due to high energy prices, although at month-on-month level they showed a slight downward trend. In particular, as announced by ELSTAT, the General Producer Price Index in Industry (total domestic and foreign market), with base year 2015=100.0 and reference month July 2022, compared to […]
Tag: Industry
China’s industrial profits fell 1.1% in the first seven months of 2022
Profits at industrial firms in China fell in the first seven months of the year as the economy continued to struggle with Covid disruptions and the ongoing downturn in the real estate sector, Bloomberg reports. Earnings in the January-July period fell by 1.1% compared to a year earlier, the National Statistics Service announced on Saturday. […]
Germany: Industry and transport veto cancellation of freight and passenger transport in favor of energy transport
The federal government’s plans to prioritize power transfers on the rail network for the next six months and cancel other freight and passenger services if necessary have drawn widespread criticism from industry and rail companies. This follows from the comments of trade associations on the draft of the planned decree on the energy security of […]
ELSTAT: 43.1% annual increase in turnover in industry in June
The General Industrial Turnover Index for the month of June 2022 jumped by 43.1% compared to the corresponding index for June 2021, as ELSTAT announced today. In the corresponding comparison of the year 2021 with 2020, there was an increase of 22.7%. From May, the General Business Cycle Index showed an increase of 6.4% in […]
32.8% jump in import prices in Greek industry in June
Costs in Greek industry showed a strong jump in June with an annual increase that exceeded 30%, although on a monthly basis import prices showed a slight decrease of just over 1%. In detail, as announced by ELSTAT, the General Index of Import Prices in Industry, with a base year of 2015=100.0 and a reference […]
The government’s plan to boost energy-intensive industry
By Haris Fludopoulos The agreement reached by the energy ministers of the E.U. for the reduction of natural gas consumption by 15% includes an explicit exception for the power generation sector, in case the stability of the electrical system is threatened, however there is no corresponding provision for the country’s industry. This means in practice […]
A pan-European compensation mechanism for industrial consumers is proposed by K. Mitsotakis
A pan-European mechanism through which industrial consumers will be compensated for the reduction in the use of natural gas and electricity for the coming winter is proposed by Prime Minister Kyriakos Mitsotakis, through his letter to Commission President Ursula von der Leyen. “The idea uses as a basis the crucial work undertaken by the European […]
Letter from K. Mitsotakis to Ursula von der Leyen on energy
A pan-European mechanism through which industrial consumers will be compensated for the reduction in the use of natural gas and electricity for the coming winter is proposed by Prime Minister Kyriakos Mitsotakis, through his letter to Commission President Ursula von der Leyen. “The idea uses as a basis the crucial work undertaken by the European […]
Globalization end?
By Allison Schrager Like it or not, we live in a globalized economy. How one defines globalization or measures its progress can vary, but it generally tends to simply mean greater economic integration between countries, as well as more political cooperation, immigration, and trade in goods and services. In all these areas, globalization has been […]
ELSTAT: 3.7% annual increase in import prices in Industry in May
An increase of 37.7% was presented by the General Index of Import Prices in Industry, in May 2022, compared to the corresponding index of May 2021, against an increase of 22.8% that was noted when comparing the corresponding indices of the year 2021 with 2020, according to the data of the Hellenic Statistical Authority. On […]