Industrial production marks full year of recovery with 16.5 pct rise in Oct

EconomyMacroeconomy Tags: ELSTAT, Industrial
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

Greece’s Industrial Production Index (IPI) jumped by 16.5 percent year-on-year in October, from an upwards revised rise of 9.9 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.

IPI has been on the mend since November last year, marking a full year of growth. The most notable rise of 22.7 percent was recorded in April, mainly thanks to the low base effect of last year’s strict first lockdown when production had dropped by 10.8 ...

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