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National Bank: Greek industry to recover considerably in next 5 years

Staff Writer | May 9, 2018
National Bank expects the Greek industry to recover considerably in the next five years, with sale seen rising by 4% on average while the capacity utilization rate is projected to reach 73% in 2023 from 68% in 2017.
National Bank
Greece   The anticipated higher local demand
In a sectoral report, NBG says Greek industries “have already entered into a virtuous circle” with the rising rates in capacity utilization and production leading to higher invetsments in mechanics tools and equipment.

Along with export activities, the anticipated higher local demand to 3.7% against -4.2% during the period of 2009-2017, will also lend assistance.

The report also argue sthat if Greek industries capture trier pre-crisis market shares in local markets-to 0.21% from 0.16% currently- then sales are siing rising on average 5.7% per year, while the capacity utilization rate is projected to grow to 76% in 2023.


 

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