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Greece Industry March 2020

Greece: Industrial output rebounds in March

Industrial output increased 0.6% year-on-year in working-day adjusted terms in March (February: -3.2% year-on-year), breaking a streak of five consecutive months of contraction.

The upturn was primarily driven by a rebound in manufacturing production. Meanwhile, electricity supply output fell for the eleventh successive month in March.

On a working-day adjusted monthly basis, industrial production rose 5.8% in March (February: +1.4% month-on-month). Meanwhile, the trend improved slightly, with the annual average variation in industrial production coming in at minus 1.4% in March, up from February’s minus 1.5%.

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