Greece: Industrial production records largest expansion since November 2007
May 11, 2015
In March, industrial production expanded a working-day adjusted 5.0% compared to the same month last year, which was notably above the 1.9% increase tallied in February. In addition, March’s figure represented the largest expansion since November 2007. March’s gain reflected an almost across-the-board improvement, with only water supply production deteriorating compared to the previous month.
Industrial output in March rose 2.8% over the previous month in seasonally-adjusted terms, which was below February’s 9.9% increase. February’s result had marked the largest expansion in over a year-and-a-half. Annual average variation in industrial production rose from minus 1.8% in February to minus 1.0% in March.