IPI rise of 8.1 pct in Dec marks full year of growth, totalling nearly 10 pct

EconomyMacroeconomy Tags: Elections, Industrial

Greece’s Industrial Production Index (IPI) recorded another notable rise of 8.1 percent year-on-year (YoY) in December, from an upwards revised 8.4 percent annual increase in November, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.

IPI now has 14 consecutive months of growth since November 2020. The most significant rise of 22.7 percent was recorded in April 2021, mainly thanks to the low base effect of the previous year’s strict first lockdown, when production dropped by 10.8 per...

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