European Economic News

Greece Industrial Output Declines Sharply In August

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.

by RTTNews Staff Writer

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