Greek industrial production index up 1.7 pct in July

The Greek industrial production grew 1.7 pct in July, with manufacturing production rising 1.3 pct in the month, Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, said that the industrial production composite index grew 1.7 pct in July compared with the same month in 2016, after a 5.5 pct increase recorded in the 2016/2015 period. This development was attributed to a 2.5 pct increase in the mining production index, a 1.3 pct rise in manufacturing (reflecting a 9.4 pct rise in tobacco production, a 9.0 pct increase in pharmaceuticals, a 30.6 pct in base metals, a 14 pct rise in machinery), while electricity production grew 3.8 pct. Water production fell 5.0 pct in July.

Greece’s industrial production index grew 5.3 pct on average in the seven-month period from January to July, while the seasonally-adjusted index fell 0.7 pct in July from June 2017.

Source ANA - MPA
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