Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM

EconomyMacroeconomy Tags: ELSTAT, Industrial
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Greece’s Industrial Production Index (IPI) halted its recovery in April, dropping by 4.5 percent year-on-year (YoY), after rising by an upwards revised 8.1 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.

After January’s annual drop of 0.6 percent, April’s is only the second negative figure since November 2020. The most notable rise - 22.7 percent - was recorded in April 2021, mainly thanks to the low base effect of the first lockdown a year earlier. In ...

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