Greece: Industrial production accelerates in December
February 9, 2017
Industrial production expanded a working-day adjusted 2.2% in December compared to the same month of the previous year, which was above November’s revised 2.0% rise (previously reported: +2.3% year-on-year). The pick-up was driven by booming electricity production and a rebound in mining and quarrying activity. However, manufacturing output fell at the fastest pace seen in nine months.
Meanwhile, industrial output expanded 2.0% in December over the previous month in working-day adjusted terms, which contrasted November’s revised 1.9% decrease (previously reported: -1.6% month-on-month). Annual average growth in industrial production fell from November’s 2.7% to 2.3%.