ELSTAT: Industrial production reduced by 0.3% in August
The Greek statistics authority ELSTAT has published its latest figures on the production…
The Greek statistics authority ELSTAT has published its latest figures on the production index in industry (IPI) and found that in August 2016 it retreated by 0.3%, compared to August 2015. The IPI’s annual rate of change in August 2015 was 4.2%.
In the 8-month period between January and August 2016, according to working day adjusted data, the average rate of change of the IPI was 2.0%. In August 2015, the corresponding average rate of change of the IPI was 0.3%.
The seasonally adjusted Production Index in Industry (IPI), after eliminating the monthly effects (e.g. holidays, tourist period etc), in August 2016 compared with July 2016 recorded an increase of 0.4%.