Industrial production continued its negative trend at the outset of the year, raising concerns about the country's ability to return to positive conditions. In January, industrial production shrunk 5.2% over the same month last year, which came in below the 4.8% decline recorded in December (previously reported: -5.2% year-on-year). The contraction primarily reflected weaker conditions in the manufacturing sector, which accounts for around 70% of total industrial output, and fell 4.5% compared with the same month last year (December: -4.0% yoy). On the other hand, mining and quarrying improved, rising 0.1% (December: -7.8% yoy). The annual average variation also confirms the negative monthly reading, as it stepped down from minus 5.7% in December to minus 5.8% in January.
Industrial production continues to fall in 2011
March 11, 2011
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Greece Economic News
October 10, 2016
In August, industrial production fell a working-day adjusted 0.3% compared to the same month last year, which contrasted the revised 4.7% expansion in July (previously reported: +4.1% year-on-year).
October 6, 2016
The number of unemployed fell by 5,357 in July, according to the Hellenic Statistical Authority (EL.STAT.).
October 3, 2016
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) deteriorated in September, erasing most of the gains made in August.
September 9, 2016
In July, industrial production rose a working-day adjusted 4.1% compared to the same month last year, which came in below the revised 7.9% expansion in June (previously reported: +7.5% year-on-year).
September 8, 2016
The number of unemployed fell by 6,800 in June, according to the Hellenic Statistical Authority (EL.STAT.).