Industrial production continues decline with 7.2 pct drop in August

EconomyMacroeconomy Tags: ELSTAT, Industrial

The Industrial Production Index posted a drop of 7.2 percent in August with the figure for the first eight months of the year also retreating by 3.8 percent, according to ELSTAT. This means that except for April and June, all monthly readings so far in 2013 exhibit a single digit drop of between 4.5 and 7.7 percent.

The negative performance in August reflects a decline among all key industrial sectors with mining and quarrying as well as electricity production underperforming (-16.4 and -13.3 percent respectively), while manufacturing and water supply production sh...

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