In June, industrial production rose a working-day adjusted 0.3% over the same month last year, which contrasted the 2.2% drop observed in May (previously reported: -2.9% year-on-year) and represented, in fact, the first increase in the index since April 2008. The improvement observed in June was broad-based as three out of the four main categories recorded gains over the previous month. On the other hand, manufacturing output deteriorated markedly. As a result, the trend improved somewhat, with annual average variation in industrial production stepping up from minus 7.3% in May to minus 6.2% in June.
Industrial production records first increase in over four years
August 9, 2012
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Greece Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (EL.STAT) and FocusEconomics calculations.
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.).