Greece: Industrial production rises in June
August 22, 2016
In June, industrial production rose a working-day adjusted 7.5% compared to the same month last year, which came in above the revised 3.0% expansion tallied in May (previously reported: +2.9% year-on-year) and marked a multi-year high. June’s acceleration reflected a pick-up in manufacturing production as well as output of electricity and water supply.
Meanwhile, industrial output rose 9.3% over the previous month in seasonally-adjusted terms, which contrasted May’s revised 2.1% decrease (previously reported: -1.9% month-on-month). The trend pointed upward in June as annual average growth in industrial production rose from 1.0% to 2.0%.