Greece: Industrial production slows in January
Latest reading: Industrial production increased 0.5% in seasonally adjusted month-on-month terms in January, following 2.7% growth in the prior month.
Relative to the prior month’s data, readings in January softened for manufacturing (-4.2% in seasonally adjusted month-on-month terms vs +3.8% in December) and mining and quarrying (-48.2% vs +82.2% in December). In contrast, readings improved for electricity supply (+14.0% vs +2.8% in December) and water supply (-0.5% vs -2.0% in December).
On a working-day adjusted year-on-year basis, industrial production was up 5.3% in January, following 4.0% growth in the previous month.