Industrial production fell in February, continuing a downward trend beginning in 2008, as the economy remains clearly depressed and still well off the recovery path. In February, industrial output slumped 4.8% over the same month last year, which was a slight improvement on the 5.2% decline recorded in January but represented the 34th consecutive decline in output. The contraction was mainly the result of a 6.8% drop in the manufacturing sector, which accounts for around 70% of total industrial output (January: -4.1% year-on-year). In contrast, mining and quarrying offset this drop to some extent, registering the second consecutive positive reading, climbing 14.2% over the same month last year (January: +0.1% yoy). The annual average variation in industrial production confirms the slight improvement in the monthly reading, stepping up from minus 5.8% in January to minus 5.4% in February.
Industrial production declines again but shows signs of improvement
April 8, 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.).