Greece: Industrial output contracts at sharpest pace since June 2020 in April
Industrial output declined 4.5% year on year in working-day adjusted terms in April, which contrasted March’s 8.1% increase. April’s figure marked the sharpest fall since June 2020. April’s weakening was partly driven by a deterioration in manufacturing and electricity supply output.
On a monthly basis, factory output dived 7.5% in seasonally-adjusted terms in April, contrasting March’s 5.3% expansion and marking the worst result since April 2020. Meanwhile, the industrial sector trend pointed down, as the annual average growth of industrial production came in at 7.5% in April, down from March’s 9.8% reading.