x

Economy

Eurostat: Greek Industrial Production Decline Less than Eurozone Average

ATHENS — Industrial production in Greece fell by less that the average decline in the Eurozone, Eurostat said in a report on Tuesday. More specifically, the EU executive's statistics agency said that industrial production in Greece fell 7.9 pct in May compared with the same month last year, after a 10.7 pct decline in April, while in the Eurozone industrial production dropped 20.9 pct in May and 28.7 pct in April. Greece has the fifth lowest rate of decline after Finland (3.8 pct), Malta (4.8 pct), Lithuania (6.2 pct) and Latvia (6.4 pct), while the biggest declines were recorded in Slovakia (33.5 pct), Hungary (27.6 pct) and Romania (27.4 pct).

On a monthly comparison, industrial production grew 1.3 pct in Greece after an 8.6 pct decline in April and a 1.6 pct rise in March. In the Eurozone, industrial production rose 12.4 pct in May, after declines of 18.2 pct in April and 11.8 pct in March.

RELATED

ATHENS - Fitch Ratings on Tuesday upgraded Greece's four systemic banks ratings, following a recent round of upgrades of Greece's credit rating.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

Video

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.