Greece industrial production increased significantly in January

According to the report from Hellenic Statistical Authority, the Overall Industrial Production Index in January 2019 recorded an increase of 3.4% compared with January 2018. The corresponding annual rate of change of the Overall IPI in January 2018 was -1.2%. The seasonally adjusted Overall Industrial Production Index in January 2019 recorded an increase of 1.5% compared with December 2018.

The 3.4% increase of the working day adjusted Overall IPI in January 2019, compared with the corresponding index in January 2018, is due to the annual changes of the sub-indices in the following industrial sections:

1. Increase of:  

• 0.2% in the Manufacturing Production Index. The increase was the result of the annual changes of the sub-indices in the following 2-digit divisions: tobacco products, printing and recording services, basic pharmaceutical products and pharmaceutical preparations, repair and installation services of machinery and equipment.  

• 21.9% in the Electricity Production Index.  

• 2.1% in the Water Supply Production Index.

2. Decrease of:  

• 32.1% in the Mining and Quarrying Production Index. The decrease was the result of the annual changes of the sub-indices in the following 2-digit divisions: mining of coal and lignite, mining of metal ores.