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Greek industrial output falls 3.8 percent year-on-year in December
February 9, 2015 / 10:21 AM / 3 years ago

Greek industrial output falls 3.8 percent year-on-year in December

ATHENS (Reuters) - Greek industrial output fell 3.8 percent year-on-year in December after an upwardly revised 2.5 percent rise in November, statistics service ELSTAT said on Monday.

The drop was mainly due to a 13.2 percent fall in mining output while electricity production declined 18.6 percent.

Manufacturing production rose 2.1 percent from a year earlier.

December’s fall follows a rise in November which had paused an eight-month stretch of declines since February last year, based on revised data that sets 2010 as the base year.

For 2014 as a whole industrial output shrank 2.7 percent year-on-year.

Greek industrial output has declined for six consecutive years over 2008-13, contracting by a total of 30 percent from its peak.

Reporting by George Georgiopoulos

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