Greece: Majority of services sectors still see contraction in turnover in Q1 2014

It is noteworthy that the same activities had also posted a double-digit drop in the corresponding period last year.

The quarter on quarter (QoQ) evolution showed a nosedive of 58.7 percent for the architectural and engineering activities, 40.7 percent for the advertising and market research and 18.7 percent for the cleaning activities.

On the flipside, two services activities recorded a double-digit rise in Q1 2014, namely computer programming, consultancy and related activities (up 18.9 percent) and other professional, scientific and technical activities (up 12 percent). Legal and accounting activities as well as information service activities followed suit posting a 7.4 and 5.2 percent rise respectively.

It is noteworthy that those four activities posted a turnaround in Q1 0214 after falling by a double-digit figure in the corresponding period last year. On the contrary, except information services activities, the other three activities showed a QoQ drop in Q1 2014.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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