Greece: Industrial production falls to eight-month low in February
April 8, 2016
In February, industrial production fell a working-day adjusted 3.0% compared to the same month last year, which contrasted the revised 4.5% expansion tallied in January (previously reported: +5.5% year-on-year) and marked the largest fall in eight months. February’s downturn reflected a deteriorations in manufacturing, electricity and water supply.
Meanwhile, industrial output rose 1.3% over the previous month in seasonally-adjusted terms, which contrasted January’s revised 6.1% drop (previously reported: -5.2% month-on-month). However, the trend pointed downward in February as annual average growth in industrial production fell from 1.2% to 0.8%.