Industrial production stays in contraction for third successive month in Aug

EconomyMacroeconomy Tags: ELSTAT, Industrial
Photo by Giannis Papanikos/Fosphotos
Photo by Giannis Papanikos/Fosphotos

Greece’s Industrial Production Index (IPI) remained in negative territory in August, after back-to-back contractions in July. It fell by 0.5 pct year-on-year (YoY), after dropping by 1.9 pct in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.

The index had been growing in the first five months of 2023, with June’s print being the first negative reading since December 2022.

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