FX & CFD trading involves significant risk
Greece's industrial production decreased for the third consecutive month in January, and at a significantly faster rate than in the previous month, as the crisis-stricken economy slipped further into recession, latest data showed.
Industrial production fell 4.8 percent on an annual basis in January, notably faster than the 0.9 percent decrease seen in December, the Hellenic Statistical Authority said. Production has decreased for the third consecutive month.
Mining and quarrying output plunged 13.9 percent annually, and manufacturing production decreased 2.4 percent. There was a 9.3 percent year-on-year decrease in the production of electricity.
Among the main industrial sub-groups, intermediate goods output dropped 3.3 percent from a year earlier, and capital goods production fell by 17.9 percent. Energy output and consumer durables output declined 6.4 percent and 12.4 percent respectively from a year earlier.
On a monthly basis, industrial output fell 6.4 percent in January after falling 2.2 percent in the previous month, data showed.
|remaining time till the new event being published|