Greece: Industrial production rebounds modestly in June
August 9, 2013
Industrial production in June added a working-day adjusted 0.4% over the same month last year, which contrasted the revised 5.2% decrease recorded in May (preciously reported: -4.6% year-on-year). The monthly print is the highest in eight months and reflects an expansion in the manufacturing sector.
Annual average variation in industrial production remained unchanged at the minus 1.9% recorded in May. FocusEconomics Consensus Forecast panellists see industrial production declining 2.5% in 2013, which is down 0.1 percentage points from last month's forecast. In 2014, the panel sees industrial production contracting 0.4%.