ECONOMY

Production Index in Industry down 1.8% y-o-y in April, says ELSTAT

The Production Index in Industry (IPI) fell 1.8 percent in April 2013 compared with April 2012, the Hellenic Statistical Authority (ELSTAT) said on Monday.

The annual rate of change of the IPI was -2.9 percent.

In the four-month period from January 2013 to April 2013, the average rate of change of the IPI was –3.0 percent, said ELSTAT.

In April 2012, the corresponding average rate of change of the IPI was -6.7 percent.