Industrial production surges 7.5 pct in June, with highest growth rate since 2001

EconomyMacroeconomy Tags: ELSTAT, Industrial

Greece’s Industrial Production Index (IPI) soared 7.5 percent in June following an upward revised rise by 3 percent in May, Hellenic Statistical Authority (ELSTAT) data displayed on Tuesday.

The headline figure for June is the third straight positive reading and the highest since 2001, from when data are available. It is worth noting that the IPI fell by 4.1 percent in June 2015. Thus, this year’s performance also reflects a low base effect.

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