Greece: Industrial production surges in February
April 10, 2017
Industrial production in Greece expanded a working-day adjusted 10.8% in February compared to the same month of last year, which was above January’s revised 7.1% rise (previously reported: +7.2% year-on-year) and marked a multi-year high. The pick-up was driven by booming electricity production and stronger growth in the manufacturing sector. In addition, mining and quarrying rebounded from the previous month’s contraction.
Meanwhile, industrial output expanded 5.9% in February over the previous month in working-day adjusted terms, which contrasted January’s 2.6% decrease. Annual average growth in industrial production rose from January’s 2.8% to 3.9%.