Greek industrial production up 7.2 pct in January

Greek industrial production grew 7.2 pct in January 2016, with manufacturing production rising 1.1 pct in the month, Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, said the industrial production composite index rose 7.2 pct in January from the same month last year, after a 4.1 pct increase recorded in the 2016/2015 period. It attributed this development to an increase of 1.1 pct in manufacturing production (pharmaceuticals up 10 pct, base metals up 41.3 pct, metal products up 10.9 pct, computer/electronic/optical products up 49.2 pct and machinery up 39.5 pct). Electricity production jumped 28.6 pct, water production rose 2.1 pct, while mining production fell 5.7 pct.

The seasonally adjusted industrial production index rose 2.5 pct in January compared with December 2016.