Greece: Industrial production contracts in October
December 10, 2015
In October, industrial production fell a working-day adjusted 1.9% compared to the same month last year, which contrasted the revised 2.9% expansion tallied in September (previously reported: +2.8% year-on-year). October’s reading marked a four-month low. The contraction reflected a broad-based deterioration in the index, with all components recording contractions in October.
Industrial output in October dropped 7.8% over the previous month in seasonally-adjusted terms, which notably contrasted September’s revised 5.8% increase (previously reported: +5.7% month-on-month). Annual average variation in industrial production fell from plus 0.3% in September to plus 0.1% in October.