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Greece Industrial production January 2022

Greece: Industrial activity falls at sharpest rate since October 2020 in January

Industrial output decreased 0.2% year-on-year in working-day adjusted terms in January (December: +8.4% yoy). The result marked the worst reading since October 2020. The result was largely due to weaker mining and quarrying output. In addition, water supply production contracted.

On a seasonally-adjusted monthly basis, industrial production fell by 4.0% in January (December: +0.1% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 9.6% in January, down from December’s 9.9% reading.

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