Growth in industrial production slows to 3.1 pct YoY in Nov, contracts MoM

EconomyMacroeconomy Tags: ELSTAT, Industrial

Greece’s Industrial Production Index (IPI) slowed down in November, growing by 3.1 percent year-on-year (YoY), after a 10.5-percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.

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

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