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European Economic News

Greece Industrial Output Declines Sharply In August

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Greece industrial production plunged in August after expanding for four consecutive months, figures from the Hellenic Statistical Authority showed Friday.

Industrial output logged a double-digit monthly fall of 13.9 percent, reversing the 2.7 percent rise in July.

On a yearly basis, industrial production slid 5.7 percent versus 1.1 percent drop a month ago.

Mining and quarrying output dropped 6.5 percent and electricity production registered a sharp 18.1 percent decline. At the same time, manufacturing output was down 0.9 percent. Meanwhile, water supply production gained 1.4 percent.

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