Greece: Industrial production swings back to expansion
March 12, 2015
In January, industrial production expanded a working-day adjusted 0.1% compared to the same month of the previous year, which contrasted the revised 3.2% contraction tallied in December (previously reported: -3.8%). January’s gain reflected an improvement in all of the sub-components that comprise the index.
Industrial output declined 4.7% over the previous month in seasonally-adjusted terms in January, which was below the 2.7% fall in December. January’s result marked a five-month low. Annual average variation in industrial production increased from minus 2.2 in December to minus 1.9 in January.