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- Greece industrial production increased significantly in January
Greece industrial production increased significantly in January
According to the report from Hellenic Statistical Authority, the Overall Industrial Production Index in January 2019 recorded an increase of 3.4% compared with January 2018. The corresponding annual rate of change of the Overall IPI in January 2018 was -1.2%. The seasonally adjusted Overall Industrial Production Index in January 2019 recorded an increase of 1.5% compared with December 2018.
The 3.4% increase of the working day adjusted Overall IPI in January 2019, compared with the corresponding index in January 2018, is due to the annual changes of the sub-indices in the following industrial sections:
1. Increase of:
0.2% in the Manufacturing Production Index. The increase was the result of the annual changes of the sub-indices in the following 2-digit divisions: tobacco products, printing and recording services, basic pharmaceutical products and pharmaceutical preparations, repair and installation services of machinery and equipment.
21.9% in the Electricity Production Index.
2.1% in the Water Supply Production Index.
2. Decrease of:
32.1% in the Mining and Quarrying Production Index. The decrease was the result of the annual changes of the sub-indices in the following 2-digit divisions: mining of coal and lignite, mining of metal ores.
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