Industrial produciton down 7.1 pct in Sept

Industrial production fell 7.1 pct in September as a result of a shrinking private consumption in the country, creating a negative outlook for employment in the country.

Hellenic Statistical Authority, in a report published on Tuesday, said the industrial production index fell 7.1 pct in September compared with the same month last year, after a decline of 9.1 pct recorded in September 2009. The index was down 5.7 pct on average in the January-September peirod, after a decline of 10.1 pct recorded in the corresponding period last year.

The statistics service attributed the 7.1 pct decline of the index to a 22.3 pct drop in mining production, an 8.3 pct fall in manufacturing production, a 0.3 pct decline in electricity and a 3.5 pct rise in water production.