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Wholesale Turnover Down by 10.8% in Q2

Greek wholesale turnover fell by 10.8% in the second quarter of the year, as ANA reports citing a survey from the independent Hellenic Statistical Authority (ELSTAT) released on Friday. According to ELSTAT, Greece’s trade balance deficit improved further in the first seven months of the year, after a new increase in July in the value of exported products and services and further decline in the value of imports (due to a reduction in domestic demand).
ELSTAT, in its report, said that the total value of imports-dispatches in July 2011 amounted to 2984.2 million euros against 3887.2 million euros in July 2010. The total value of exports-dispatches, excluding oil products, for the 12-month time period of August 2010-July 2011 increased by 15.0% compared to the corresponding 12-month time period of August 2009-July 2010. The total value of imports-arrivals, excluding oil products, for the 12-month time period of August 2010-July 2011 decreased by 14.0% compared to the corresponding 12-month time period of August 2009-July 2010. The total value of exports-dispatches in July 2011 amounted to 1916.4 million euros against 1315.2 million euros in July 2010, recording an increase of 45.7%.

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