Greece: Industrial production swings back to expansion
April 9, 2015
In February, industrial production expanded a working-day adjusted 1.9% compared to the same month last year, which contrasted the revised 0.2% contraction tallied in January (previously reported: +0.1% year-on-year). February’s gain reflected an improvement in manufacturing, water supply and electricity. In contrast, mining and quarrying deteriorated in February.
Industrial output rose 9.9% over the previous month in seasonally-adjusted terms in February, which contrasted the 4.9% fall in January. February’s result marked the largest expansion in over a year-and-a-half. Annual average variation in industrial production rose from minus 1.9% in January to minus 1.8% in February.