Greek industrial production index up 1.4 pct in August

Greece’s industrial production index grew 1.4 pct in August, with manufacturing production rising 2.9 pct in the month, Hellenic Statistical Authority said on Wednesday.

The statistics service, in a monthly report, said that the industrial production index rose 1.4 pct in August compared with the same month in 2017, after a 5.5 pct increase recorded in the 2017/2016 period. It attributed this development to a 9.5 pct rise in the mining production index, a 2.9 pct increase in the manufacturing production index (oil products/coal up 16.7 pct, pharmaceuticals up 21.7 pct, computers/electronics/optical products up 49.4 pct and vehicles (49.6 pct). The electricity production index fell 3.3 pct in August and the water production index fell 4.1 pct in the month.

The average industrial production index in the January-August period rose 0.8 pct compared with the same period last year, while the seasonally-adjusted index rose 1.7 pct in August from July 2018.