European Economic News

Greek Industrial Output Continues To Fall

Industrial production in Greece continued to decline in March, data released by the Hellenic Statistical Authority showed Thursday.

Industrial production declined a working-day adjusted 8.5 percent on an annual basis in March, faster than the 8.3 percent decrease seen in February and 6.1 percent fall recorded in January.

Mining and quarrying production decreased 7.9 percent annually, while manufacturing production dropped 8.8 percent.

Output of intermediate goods fell by 12.7 percent, while capital goods production declined 20.9 percent in March. There was a 19.2 percent year-on-year decrease in the production of consumer durables during the month, and a 13.3 percent drop in consumer non-durables output.

On a monthly basis, meanwhile, industrial output rose 1 percent in March, after growing 3.1 percent in the previous month.

by RTTNews Staff Writer

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