Industrial production in Greece dropped by 5.2 percent in January against the corresponding month in 2010, according to figures released on Monday by the independent Hellenic Statistical Authority (ELSTAT).

More specifically, the Production Index in Industry recorded a decline of 5.2% in January 2011 compared with January 2010. In January 2010, the annual rate of change of the IPI was -3.9%.

The decline was attributed to the following annual changes of the subindices of the industrial sections:

a. Mining and quarrying production increased by 0.1%.

b. Manufacturing production decreased by 4.5%.

c. Electricity production decreased by 8.2%.

d. Water supply production decreased by 4.8%.