Greece: Industrial output growth moderates marginally in January
March 10, 2021
Industrial production grew 3.4% in January, easing marginally from December’s 3.5% expansion. January’s softer increase was largely driven by weaker growth in electricity supply output. Meanwhile, mining and quarrying output bounced back solidly.
On a seasonally-adjusted monthly basis, factory output rebounded, growing 3.2% in January (December: -0.4% s.a. mom) logging the best result in six months. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 1.7%, up from December's minus 2.0%.
Author: Alexandros Petropoulos,