Greece: Industrial production improves in July
September 10, 2015
In July, industrial production fell a working-day adjusted 1.6% compared to the same month last year, which was an improvement from the revised 4.7% decrease tallied in June (previously reported: -4.5% year-on-year). June’s result had marked a 10-month low. July’s improvement reflected a more moderate fall in mining and quarrying along with a large expansion in electricity production.
Industrial output in July rose 7.5% over the previous month in seasonally-adjusted terms, which was notably above June’s revised 4.2% increase (previously reported: +4.5% month-on-month). However, annual average variation in industrial production fell from minus 0.9% in June to minus 1.1% in July.