Greece's industrial production shows no signs of reversing the negative trend

EconomyMacroeconomy Tags: ELSTAT, Industrial

The Industrial Production Index recorded a drop of 1.8 percent in September showing a decelerating trend following a drop exceeding 7 percent in the preceding two months, according to Hellenic Statistical Authority (ELSTAT). September performance led nine-month figure down 3.6 percent compared to a 3.8 percent at the end of August.

High volatility persists in industrial production so far in 2013, with two months (April and June) exhibiting a modest rise (below 1 percent), July and August recording the highest decline, while the remaining monthly readings showed a mid-single digit ...

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