The Hellenic Statistical Authority announces the Industrial Production Index (IPI) with base year 2015=100.0 for December 2022, the evolution of which, on the basis of provisional and working day adjusted data, is as follows:
The Overall Industrial Production Index in December 2022 recorded a decrease of 1.4% compared with December 2021. The Overall IPI in December 2021 increased by 9.2% compared with the corresponding index in December 2020.
The average Overall Industrial Production Index for the period from January to December 2022 recorded an increase of 2.3% compared with the average IPI of the period from January to December 2021.
The seasonally adjusted Overall Industrial Production Index in December 2022 recorded an increase of 0.1% compared with the corresponding index of November 2022.
The index of tobacco products division recorded the greatest percentage increase, whereas the index of other transport equipment division showed the greatest percentage decrease in December 2022 compared with November 2022. Comparing the indices of December 2022 with the corresponding indices of December 2021, the greatest percentage decrease was recorded in other transport equipment division, while the highest percentage increase was recorded in mining of coal and lignite – extraction of crude petroleum and natural gas – mining support service activities division .
Evolution of the Industrial Production Index in December 2022
I. Annual changes: December 2022 / December 2021
The 1.4% decrease of the working day adjusted Overall IPI in December 2022, compared with the corresponding index in December 2021, is due to the annual changes of the sub-indices in the following industrial sections:
1. Decrease of:
- 9% in the Electricity Supply Index.
- 4% in the Mining and Quarrying Index. The decrease was the result of the annual changes of the sub-indices in the following 2-digit divisions: mining of metal ores, other mining and quarrying.
- 7% in the Water Supply Index.
2. Increase of:
- 6% in the Manufacturing Index. The increase was mainly the result of the annual changes of the sub-indices in the following 2-digit divisions: tobacco products, computers, electronic and optical products, basic pharmaceutical products and pharmaceutical preparations, repair and installation of machinery and equipment, οther manufacturing.
II. Rates of change of the average index of the period January – December 2022 compared with the corresponding index of the period January – December 2021
The 2.3% increase of the working day adjusted average Overall IPI in the 12-month period January – December 2022, compared with the corresponding index in January – December 2021, is due to the corresponding rates of change of the sub- indices in the following industrial sections:
1. Increase of:
- 4% in the Manufacturing Index.
2. Decrease of:
- 2% in the Water Supply Index.
- 7% in the Electricity Supply Index.
- 8% in the Mining and Quarrying Index.
III. Monthly changes: December 2022 / November 2022
The 0.1% increase of the seasonally adjusted Overall IPI in December 2022, compared with the corresponding index in November 2022 is due to the monthly changes of the sub-indices in the following industrial sections:
1. Increase of:
- 0% in the Water Supply Index.
- 9% in the Mining and Quarrying Index.
- 8% in the Manufacturing Index.
2. Decrease of:
- 2% in the Electricity Supply Index.
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted