Greece: Industrial output expands at fastest pace in six months in June
August 10, 2022
Industrial output rose 8.4% year on year in working-day adjusted terms in June (May: +3.6% yoy). The print marked the best result since December 2021. The reading reflected a broad-based improvement, with activity in the manufacturing, electricity supply and mining and quarrying sub-sectors all improving in June.
On a seasonally-adjusted monthly basis, industrial production rose at a faster rate of 3.2% in June (May: +2.7% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 6.6% in June, down from May's 6.7% reading.