Greece: Industrial production growth cools in February
Industrial production rose 2.3% year-on-year in working-day adjusted terms in February, following January’s revised 4.2% expansion (previously reported: +3.4% year-on-year). February’s moderation was largely driven by a contraction of the electricity supply sector after the significant expansion recorded in the previous month.
On a month-on-month basis, industrial production grew a strong 2.9% in February, rebounding from the 2.2% fall logged in January. Meanwhile, annual average growth in industrial production edged up from 1.5% in January to 1.8% in February.