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The Greek Statistical Service: Recession is already out of control

09 June 2012 / 19:06:57  GRReporter
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In particular, in April 2012 the industrial production index decreased by 2.2 percent compared to the same month of 2011.

The average index for the period January-April 2012 compared with same period in 2011, reported a decline of 6.3 percent.

The detailed data of the Greek Statistical Services show that the decline in industrial production is due to:

- Reduction of 5.1 percent of the index of production in the mining industry, due to the reduction of the indices of mining coal and metal ores.

- Reduction of 23 percent of the index of production in manufacturing, due to a reduction in the indices of drinks, in the printing industry, in basic metals, apparatus, equipment and furniture.

- Reduction of 4.6 percent of the electricity index.

- Reduction of 1.0 percent of the index for water.

In the first four months of 2012 a drop in industrial production of 6.3 percent was reported due to the following index changes:

- Reduction of 1.5 percent of the index of production in the mining industry.

- Reduction of 7.4 percent of the index of production in the processing industry.

- Reduction of 5.1 percent of the index of electricity.

Tags: recession Troika memorandum decline production index Greek Statistics Services
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