Industrial production records first back-to-back drop since 2020 in Oct

EconomyMacroeconomy Tags: ELSTAT, Industrial
Image via www.viohalco.com
Image via www.viohalco.com

Greece’s Industrial Production Index (IPI) dropped further into negative territory in October, falling by 2.5 percent year-on-year (YoY), after a decline of 1.2 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.

This is the fourth negative print so far in 2022, and the first back-to-back decline since the end of 2020.

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