Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise

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

Greece’s Industrial Production Index (IPI) resumed its recovery in May, rising by 3.2 percent year-on-year (YoY), after a temporary pause in April when it dropped by 4.8 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.

The index has now paused twice since the start of the year, but remains on the mend, with the most notable rise, of 22.7 percent, recorded in April 2021, mainly thanks to the low base effect of the first lockdown a year earlier. In October 2020, the ind...

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