The Hellenic Statistical Authority released its preliminary industrial production data for Greece on Tuesday. On a seasonally adjusted basis, Greek industrial production declined 4.9% in May.
On a yearly basis, industrial production in Greece plunged at an adjusted rate of 4.0% in May, after a 1.0% gain in April. April's figure was revised up from a 0.4% increase.
Production in the manufacturing sector fell at an annual rate of 2.7% in May, output in the mining sector slid 15.0%, while electricity production plunged by 7.5%.