Industrial production falls at faster pace of 4 pct in March

EconomyMacroeconomy Tags: ELSTAT, Industrial

Greece’s Industrial Production Index (IPI) dropped at a faster pace of 4 percent in March from a revised 2.5 percent drop in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.

The breakdown of the five main industrial groupings displayed notable drops in capital goods production (-13.2 percent), energy (-9.7 percent) and consumer durables (-6 percent). In contrast, production of intermediate goods rebounded by 1.9 percent, wh...

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