Greece: Industrial production falls to three-month low
June 9, 2015
In April, industrial production expanded a working-day adjusted 0.4% compared to the same month last year, which was notably below the 5.3% increase tallied in March and marked a three-month low. March’s figure had represented the largest expansion since November 2007. April’s decrease reflected an almost across-the-board deterioration, with only mining and quarrying improving compared to the previous month.
Industrial output in April fell 3.2% over the previous month in seasonally-adjusted terms, which contrasted March’s 3.1% increase. Annual average variation in industrial production rose from minus 1.0% in March to minus 0.6% in April.