Greece: Industrial production returns to growth in May
Latest reading: Industrial production increased 1.9% in seasonally adjusted month-on-month terms in May, following a 3.2% decline in the previous month.
Relative to the previous month’s figures, readings in May improved for manufacturing (+1.6% in seasonally adjusted month-on-month terms vs -1.1% in April), electricity supply (+10.0% vs -18.4% in April) and water supply (-0.5% vs -2.0% in April). In contrast, the reading for mining and quarrying softened in May (-2.4% vs +0.6% in April).
In working-day adjusted year-on-year terms, industrial production was up 3.9% in May, following a 2.1% rise in the prior month.