According to data released by the Hellenic Statistical Authority (ELSTAT), the General Industry Producer Price Index (total internal and external market) showed a fall of 2.4% last August, compared to the corresponding month last year , against a drop of 8.3% that was found during the corresponding comparison of the indicators from 2023 with 2022.
On a monthly basis, however, the General Index showed an increase of 0.5% in August, in relation to July 2024, against an increase of 3.0% observed in the corresponding comparison of the 2023 indices.
At the twelve-month level, the average General Index from September 2023 to August 2024 fell 4.4% compared to the average General Index from September 2022 to August 2023, versus a 3.1% increase seen during the corresponding comparison of the previous twelve months.
According to ELSTAT data, the changes in indicators that mainly contributed to the annual decrease in August are:
-Production of refined petroleum products -19.4%
– Manufacture of rubber and plastic products -5.6%
-Manufacture of metal products, excluding machinery and equipment -2.2%
-Production of other non-metallic mineral products -2.1%
On the contrary, the following sectors registered an upward movement:
-Metal production 2.3%
-Food industry 5.8%
-Manufacture of computers, electronic and optical products 7.2%
-Manufacture of machinery and equipment 7.3%
-Supply of electricity, natural gas, steam and air conditioning 8.5%
-Production of basic pharmaceutical products 9.9%
