In September, industrial production declined 1.7% over the same month last year, following the 11.4% contraction in August. The print marks the best reading since August 2010 but simultaneously represents the 41st month of contracting activity in the industrial sector. Manufacturing output fell 1.7% year on year in September (August: -11.1% yoy) while mining and quarrying as well as water supply recorded increases. As a result of the less pronounced contraction, the trend is gradually improving, with annual average variation in industrial production stepping up from minus 8.0% in August to minus 7.3% in September.
Industrial production declines less sharply in September
November 10, 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.).