Greece: Industrial output growth dips in May
Industrial output rose 1.4% year on year in working-day adjusted terms in May, which was a deterioration from April’s 4.1% increase. The reading was largely due to a deterioration in manufacturing production growth, as it recorded the weakest expansion since November 2022. In addition, electricity supply output swung into contraction.
Meanwhile, annual average industrial production growth fell to 2.1% in May (April: +2.3%). This signals a worsening trend in the industrial sector.
On a monthly basis, industrial output fell 0.6% in seasonally adjusted terms in May, moderating from April’s 2.0% fall.