Greece: Industrial production records steepest drop in eight months
July 10, 2015
In May, industrial production fell a working-day adjusted 4.0% compared to the same month last year, which contrasted the revised 1.0% increase tallied in April (previously reported: +0.4% year-on-year) and marked an eight-month low. May’s decrease reflected an across-the-board deterioration.
Industrial output in May fell 1.7% over the previous month in seasonally-adjusted terms, which followed April’s revised 2.6% decrease (previously reported: -3.2% month-on-month). Annual average variation in industrial production fell from minus 0.6% in April to minus 0.9% in May.