Industrial production plunged 11.7 pct in August this year, mainly reflecting an 11.0 pct drop in manufacturing production, Hellenic Statistical Authority said on Monday. The statistics service, in a report, said the industrial production index was down 0.5 pct in August 2010. The 11.7 pct decline of the index was attributed to a 5.0 pct drop in mining production, an 11 pct decline in manufacturing production (mainly oil products, basic pharmaceutical products, non metal minerals and machinery), a 16.7 pct drop in electricity production and a 2.3 pct fall in water production.
The industrial production index fell by 8.4 pct on average in the January-August 2011 period, compared with the same period last year, after recording a 5.3 pct drop in the eight-month period in 2010.