Greece: Industrial production soars in January
March 10, 2017
Industrial production expanded a working-day adjusted 7.2% in January compared to the same month of last year, which was above December’s revised 2.5% rise (previously reported: +2.2% year-on-year). The pick-up was driven by booming electricity production and a rebound in manufacturing activity. However, mining and quarrying output fell to contraction in January.
Meanwhile, industrial output contracted 2.5% in January over the previous month in working-day adjusted terms, which contrasted December’s 2.2% decrease. Annual average growth in industrial production rose from December’s 2.5% to 2.8%.