Industrial production up 7% in July

The Hellenic Statistical Authority announced the Industrial Production Index (IPI) with base year 2015=100.0 for July 2022, on the basis of provisional and working day adjusted data, as follows:

The Overall Industrial Production Index in July 2022 recorded an increase of 7.0% compared with July 2021. The Overall IPI in July 2021 increased by 8.1% compared with the corresponding index in July 2020.

The average Overall Industrial Production Index for the period from January to July 2022 recorded an increase of 4.1% compared with the average IPI of the period from January to July 2021.

The seasonally adjusted Overall Industrial Production Index in July 2022 recorded an increase of 0.9% compared with the corresponding index of June 2022.

The index of wearing apparel division recorded the greatest percentage increase, whereas the index of mining of metal ores division showed the greatest percentage decrease in July 2022 compared with June 2022. Comparing the indices of July 2022 with the corresponding indices of July 2021, the greatest percentage increase was recorded in repair and installation of machinery and equipment division, while the highest percentage decrease was recorded in other mining and quarrying division.

Evolution of the Industrial Production Index in July 2022

I. Annual changes: July 2022 / July 2021

The 7.0% increase of the working day adjusted Overall IPI in July 2022, compared with the corresponding index in July 2021,
is due to the annual changes of the sub-indices in the following industrial sections:

1. Increase of:
 11.1% in the Electricity Supply Index.
 6.5% in the Manufacturing Index. The increase was mainly the result of the annual changes of the sub-indices in the following 2-digit divisions: repair and installation of machinery and equipment, other transport equipment, computers, electronic and optical products, electrical equipment, wood and products of wood and cork.

2. Decrease of:
 0.6% in the Water Supply Index.
 10.5% in the Mining and Quarrying Index. The increase was the result of the annual change of the sub-index in the following 2-digit division: other mining and quarrying.

II. Rates of change of the average index of the period January – July 2022 compared with the corresponding index of the period January – July 2021

The 4.1% increase of the working day adjusted average Overall IPI in the 7-month period January – July 2022, compared with
the corresponding index in January – July 2021, is due to the corresponding rates of change of the sub-indices in the
following industrial sections:

1. Increase of:
 5.1% in the Manufacturing Index.
 2.8% in the Electricity Supply Index.

2. Decrease of:
 1.0% in the Water Supply Index.
 9.9% in the Mining and Quarrying Index.

III. Monthly changes: July 2022 / June 2022

The 0.9% increase of the seasonally adjusted Overall IPI in July 2022, compared with the corresponding index in June 2022 is
due to the monthly changes of the sub-indices in the following industrial sections:

1. Increase of:
 5.5% in the Electricity Supply Index.
 1.3% in the Water Supply Index.

2. Decrease of:
 0.6% in the Manufacturing Index.
 10.5% in the Mining and Quarrying Index.