Greece: Industrial output growth picks up pace in August
October 8, 2021
Industrial output grew 10.1% year-on-year in working-day adjusted terms in August (July: +7.8% yoy). Looking at the details of the release, August's pick up was chiefly driven by a stronger growth in output in the manufacturing, electricity supply and water supply sub-sectors. That said, mining and quarrying output slid at a sharper rate over in August.
On a monthly basis, industrial production rose 0.7% in seasonally-adjusted terms in August, which was below July’s 2.5% expansion. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 6.9% in August, up from July's 5.7%.
Author: Alexandros Petropoulos,