Accoridng to ELSTAT the average Overall Industrial Production Index for the period from January to July 2023 recorded an increase of 0.6% compared with the average IPI of the period from January to July 2022.
The seasonally adjusted Overall Industrial Production Index in July 2023 recorded an increase of 2.2% compared with the corresponding index of June 2023.
The index of coke and refined petroleum products division showed the greatest percentage increase, whereas the index of motor vehicles, trailers and semi-trailers division recorded the greatest percentage decrease in July 2023 compared with June 2023.
Comparing the indices of July 2023 with the corresponding indices of July 2022, the greatest percentage decrease was recorded in printing and reproduction of recorded products division, while the highest percentage increase was recorded in basic pharmaceutical products and pharmaceutical preparations division.
The 1.9% decrease of the working day adjusted Overall IPI in July 2023, compared with the corresponding index in July 2022, is due to the annual changes of the sub-indices in the following industrial sections:
Decrease of:
• 11.4% in the Electricity Supply Index
Increase of:
• 0.8% in the Manufacturing Index. The increase was mainly the result of the annual changes of the sub-indices in the following 2-digit divisions: basic pharmaceutical products and pharmaceutical preparations, other transport equipment, tobacco products, other manufacturing, food.
• 2.4% in the Water Supply Index.
• 8.5% in the Mining and Quarrying Index. The increase was the result of the annual changes of the sub-indices in the following 2-digit divisions: mining of coal and lignite - extraction of crude petroleum and natural gas - mining support service activities, other mining and quarrying.
