Greece: Industrial production plummets in March
May 10, 2016
In March, industrial production fell a working-day adjusted 4.0% compared to the same month last year, which followed the revised 2.4% contraction tallied in February (previously reported: -3.0% year-on-year) and marked the largest fall in nine months. March’s downturn reflected deteriorations in manufacturing as well as in mining and quarrying. .
Meanwhile, industrial output rose 1.9% over the previous month in seasonally-adjusted terms, which matched February’s revised 1.9% increase (previously reported: +1.3% month-on-month). However, the trend pointed downward in March as annual average growth in industrial production fell from 0.8% to zero.