Greece: Industrial production shoots up in October
December 9, 2016
Industrial production in Greece expanded a working-day adjusted 6.8% in October compared to the same month last year, which was a large improvement from September’s 0.1% rise. The main drivers of the growth in industrial production were manufacturing, electricity and water supply, which expanded compared to the same month last year. Mining and quarrying was the only component of the index which declined, recording a 3.1% drop on a year-on-year basis.
Meanwhile, industrial output fell 1.7% in October over the previous month in working-day adjusted terms, contrasting September’s 5.8% rise. Annual average growth in industrial production increased from 2.0% in September to 2.7% in October.
Author: Oliver Reynolds, Economist