In November, industrial production declined 7.8% over the same month the year before, which followed a sharp 13.5% contraction seen in October (previously reported: -12.3% year-on-year). Manufacturing output dropped 11.7% in November, while mining and quarrying declined 3.2%. On the other hand, electricity output and water supply recorded gains. Despite the monthly contraction, annual average variation in industrial production remained unchanged at October's minus 7.9%. The government sees the economy shrinking 3.0% in 2012.
Industrial production contracts at a softer pace in November
January 9, 2012
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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.).