Greek industrial output drops 2.5% y/y in October

FILE PHOTO: A worker places a wheel of Naxos Graviera cheese on a shelf at a milk processing factory on the island of Naxos, Greece, May 17, 2022. Picture taken May 17, 2022. REUTERS/Karolina Tagaris

ATHENS (Reuters) — Greek industrial output dropped 2.5% in October compared to the same month a year earlier after a downwardly revised 1.2% decline in September, data from statistics service ELSTAT showed on Friday.

A breakdown of index components showed manufacturing production rose 2.4% from the same month in 2021. Electricity production decreased 21.6%.

Key figures (%) Oct. Sept Aug. July

Industrial output y/y -2.5 -1.2% 4.6% 6.8*

Manufacturing output y/y +2.4 1.9 4.3 6.5

* revised

source: ELSTAT

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