ECONOMY

Greek industrial output rises 2.3 pct y/y in November

Greek industrial output rose 2.3 percent year-on-year in November after an upwardly revised 0.4 percent drop in October, pausing an eight-month stretch of declines, statistics service ELSTAT said on Friday.

The drop was mainly due to a 13.2 percent increase in mining output while electricity production fell 10.8 percent.

Manufacturing production rose 5.5 percent from a year earlier.

November’s increase was the first rise in industrial output February 2014, based on revised data that sets 2010 as the base year, ELSTAT said.

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

[Reuters]