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The Hellenic Statistical Authority released its preliminary industrial production data for Greece on Tuesday. Greek industrial production declined 3.2% in April, after a 3.1% rise in March. On a seasonally adjusted basis, industrial production dropped 2.0%.
On a yearly basis, industrial production in Greece climbed at an adjusted rate of 0.4% in April, after a 5.3% gain in March. It was the third consecutive monthly rise.
Production in the manufacturing sector jumped at an annual rate of 3.5% in April, output in the mining and quarrying sector fell 2.6%, while electricity production plunged by 11.4%.