Greece's industrial production declined for the third straight month in July, preliminary figures from the Hellenic Statistical Authority showed Wednesday.
Industrial production fell a working-day-adjusted 1.6 percent year-over-year in July, much slower than the 4.7 percent drop in the previous month.
Production in the manufacturing sector dipped 5.7 percent annually in July and that for mining and quarrying went down by 4.8 percent. At the same time, electricity production surged 13.8 percent.
Month-on-month, industrial production grew at a faster pace of 7.5 percent in July, following a 4.2 percent gain in June. It was the second month of climb in a row. On seasonally adjusted basis, production rose 3.2 percent.
In the first seven months of the year, total industrial production contracted a working-day-adjusted 0.7 percent as compared to the respective period last year.
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