Greece: Industrial production growth eases in April
June 9, 2017
Industrial production expanded a working-day adjusted 1.0% in April compared to the same month of last year, which was below March’s revised notable 10.1% growth (previously reported: +8.7% year-on-year). The deceleration was due to muted growth in manufacturing output, while mining and quarrying production continued to boom.
Meanwhile, industrial output contracted 4.6% in April over the previous month in working-day adjusted terms, which contrasted March’s 1.7% increase. Annual average growth in industrial production fell from March’s 5.1% to 4.8%.