Industrial output down 5 pct year-on-year in January

Greece’s statistics service on Monday released industrial output data for January that showed a 5 percent decline year-on-year.

Industrial production fell by 11.3 percent in December 2011.

Mining and quarrying production increased by 6.1 percent, manufacturing production decreased by 6.3 percent, electricity production decreased by 5.5 percent and water supply production increased by 3.3%.