Greek industrial output rises 6.4% y/y in October

BY Reuters | ECONOMIC | 05:06 AM EST

Dec 10 (Reuters) - Greek industrial output rose by 6.4% year-on-year in October, after an upwardly revised 7.3% increase in September, data from statistics service ELSTAT showed on Wednesday.

A breakdown of index components showed manufacturing production rose 4.2% from the same month in 2024. Electricity output was up by 18.2% year-on-year, and mining production was up by 12.2%.

Compared to the same month a year earlier, in October the greatest percentage increase was recorded in computers, electronic and optical products division, while the highest percentage decrease was recorded in the mining of coal and lignite sector, ELSTAT said.

(Reporting by Athina Karolidou and Marta Serafinko in Gdansk)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article