Greece: Industrial production contracts in November
Latest reading: Industrial production declined 1.6% in seasonally adjusted month-on-month terms in November, following a 0.7% rise in the prior month.
Relative to the previous month’s figures, readings in November softened for electricity supply (-9.2% in seasonally adjusted month-on-month terms vs +13.9% in October) and mining and quarrying (-5.0% vs 0.0% in October). In contrast, readings picked up for manufacturing (+0.4% vs -2.4% in October) and water supply (+5.8% vs -3.8% in October).
On a working day adjusted year-on-year basis, industrial production was up 2.6% in November, following 6.4% growth in the prior month.