Greek industrial output falls 3.8% in Dec

[ATHENS] Greek industrial output fell 3.8 per cent year-on-year in December after an upwardly revised 2.5 percent rise in November, statistics service ELSTAT said on Monday.

The drop was mainly due to a 13.2 per cent fall in mining output while electricity production declined 18.6 per cent.

Manufacturing production rose 2.1 per cent from a year earlier.

December's fall follows a rise in November which had paused an eight-month stretch of declines since February last year, based on revised data that sets 2010 as the base year.

For 2014 as a whole industrial output shrank 2.7 per cent year-on-year.

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

REUTERS