The Greek shipbuilding industry suffered the biggest production decline among Greek industrial sectors in 2010, hit by the termination of shipbuilding activities and production of rolling stock, after recording a production decline of 16.5 percent in 2009, but 2.4 percent in 2008 and rising by 14.8 percent in 2007, Hellenic Statistical Authority said on Wednesday.
The statistics service, in a report, said negative trends prevailing in the production of the sector mainly reflected the shrinking activities of the shipbuilding sector. Total
production of the transport equipment industry fell by 57 percent in the January-November period, compared with the same period in 2009, with production levels falling 65.3 percent compared with 2005 levels. The decline in production accelerated after the first four months of 2010, with November recording a decline of 34.7 percent.
production of the transport equipment industry fell by 57 percent in the January-November period, compared with the same period in 2009, with production levels falling 65.3 percent compared with 2005 levels. The decline in production accelerated after the first four months of 2010, with November recording a decline of 34.7 percent.
Hellenic Statistical Authority said naval ship production fell 16.15 percent in the 11-month period last year, utility ships (coastal guard, submarines, crane vessels) was down 13.8 percent, floating tanks vessels was down 18.6 percent, sports and leisure ships fell 25.3 percent and sea bikes was down 18.3 percent.
The statistics service stressed that employment in the sector fell significantly (17.4 percent) in the period from the second quarter of 2008 until the second quarter of 2010, with the sector's workforce falling to 10,410 from 12,600.
source: ANA
