...

Share

Greece Industrial Downturn – March 2024 Update

Forex News – Industrial production in Greece experienced a notable decline in March 2024, shrinking by 0.6% year-on-year. This downturn marks a significant shift from the 1.6% growth observed in the previous month, ending a six-month streak of expansion.

Sector-Specific Insights

Different sectors within the industrial landscape showed varied performance. Mining and quarrying faced the steepest decline, dropping by 2.5%, closely followed by manufacturing, which decreased by 2.3%. In contrast, there were gains in the water supply and electricity sectors, which grew by 1.6% and 8.2% respectively.

Short-Term Industrial Trends

On a seasonally adjusted monthly basis, the overall industrial activity continued to weaken, with a 1.3% decrease following a 1.7% decline in the previous month. This consecutive reduction underscores challenges that may affect trading and investment decisions in the near term.

About The Author

Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.