Industrial production records first contraction since Aug 2023, down 0.6 pct in Mar

EconomyMacroeconomy Tags: ELSTAT, Industrial

Greece’s Industrial Production Index (IPI) turned negative in March with a contraction of 0.6 percent year-on-year (YoY), after a significant slowdown to 1.6 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.

After three consecutive drops in the middle of last year, the index has been growing for the last six months, and this is the first negative print since August 2023.

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