Greece Industrial production July 2022

Greece

Greece: Industrial output growth eases in July

September 9, 2022

Industrial production increased 7.0% year on year in working-day adjusted terms in July (June: +8.9% yoy). The result was largely due to weaker manufacturing output growth. In addition, water supply and mining output contracted.

On a monthly basis, industrial output rose 0.9% in seasonally-adjusted terms in July, which was notably below June’s 3.4% expansion. Meanwhile, annual average industrial production growth fell to 6.7% in July (June: +6.8%), signaling a worsening trend in the industrial sector.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.7% in 2022, which is down 0.6 percentage points from last month’s forecast. In 2023, the panel sees industrial production growth at 1.8%.


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Greece Industry July 2022 0

Note: Working-day adjusted, year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (ELSTAT) and FocusEconomics calculations.


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