Industrial Production growth slows to 1.6 pct YoY in Feb as electricity supply drops

EconomyMacroeconomy Tags: ELSTAT, Industrial
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Greece’s Industrial Production Index (IPI) slowed down significantly in February, growing by 1.6 percent year-on-year (YoY), after a solid 10.2 percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.

After three consecutive drops in the middle of last year, the index has been growing for the last six months. Last year’s annual growth was a modest rise of 2.2 pct YoY.

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