Greece: Industrial production growth accelerates in May
July 10, 2017
Industrial production expanded a strong working-day adjusted 5.4% in May compared to the same month of last year, which was notably above April’s revised 0.8% growth (previously reported: +1.0% year-on-year). The healthy figure was driven by booming mining and quarrying production as well as strong growth in manufacturing output and electricity production.
Meanwhile, industrial output expanded 2.6% in May over the previous month in working-day adjusted terms, which contrasted April’s 4.9% fall. Annual average growth in industrial production rose from April’s 4.8% to 5.0%.