Industrial production drops by 1.6 pct for third successive month in July

EconomyMacroeconomy Tags: ELSTAT, Industrial

The Greek Industrial Production Index (IPI) dropped for the third successive month, albeit at a decelerating pace, by 1.6 percent in July from an upward revised 4.7 percent in June, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.

The July headline figure indicates the fourth negative reading in the 7-month period with two months (May and June) recording a drop above the 4-percent mark.

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