Greece: Industrial production records steepest drop in 10 months
August 11, 2015
In June, industrial production fell a working-day adjusted 4.5% compared to the same month last year, which followed the revised 4.3% decrease tallied in May (previously reported: -4.0% year-on-year) and marked a 10-month low. June’s decrease reflected an almost across-the-board deterioration, with only mining and quarrying recording an improvement from May’s result.
Industrial output in June rose 4.5% over the previous month in seasonally-adjusted terms, which notably contrasted May’s revised 1.6% decrease (previously reported: -1.7% month-on-month). Annual average variation in industrial production rose slightly from minus 1.0% in May to minus 0.9% in June.