Greece: Industrial output rebounds in June
Industrial output grew 1.4% in month-on-month seasonally adjusted terms in June, which contrasted May’s 3.3% decrease. The reading reflected a broad-based upturn, with activity in the manufacturing, electricity supply and water supply sub-sectors all improving in June.
On an annual basis, factory output rose at a quicker rate of 9.5% in June (May: +6.8% yoy). Accordingly, annual average industrial production growth rose to 4.6% in June (May: +3.6%), signaling an improving trend in the industrial sector.