Industrial production plummeted in May, recording the second sharpest drop since July 2009 and confirming that the economy is deeply mired in recession. In May, industrial production declined 10.2% over the same month last year, following April's drop of 11.0%. The contraction was broad-based as all sub-components dropped, specially manufacturing, which fell 11.1% over the same month last year (April: -11.3% year-on-year). The annual average variation in industrial production confirms the deterioration suggested by the annual reading, stepping down from minus 6.3% in April to minus 6.7% in May.
Industrial production plunges in May
July 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.).