Greece: Industrial output growth slows in November
Industrial output expanded 8.0% in annual and working-day adjusted terms in November, slowing down from the 16.5% increase tallied in the previous month. November’s slowdown was largely attributed to a weaker increase in manufacturing output, as well as in electricity production. Meanwhile, mining and quarrying output rebounded over the previous month.
On a monthly basis, industrial production tumbled 1.2% in seasonally-adjusted terms in November, contrasting October’s 2.7% rise. Meanwhile, the trend deteriorated marginally, with the annual average growth of industrial production coming in at 9.5% in November, down from 9.6% in October.