In first contraction since Oct 2020, Jan IPI falls by 10.9 pct MoM

EconomyMacroeconomy Tags: ELSTAT, Industrial
Photo by MacroPolis
Photo by MacroPolis

Greece’s Industrial Production Index (IPI) recorded its first contraction in months, dropping by 0.2 percent year-on-year in January following an upwards revised 8.4 rise in December, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.

IPI grew for 14 consecutive months since November 2020. The most significant rise - 22.7 percent - was recorded in April 2021, mainly thanks to the low base effect of the previous year’s strict first lockdown. In October 2020 the index was down by 3.2 p...

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