Greece Industry


Industrial production accelerates further in February

In February, industrial production rose a working-day adjusted 1.7% over the same month last year. February's expansion marked the third consecutive increase in industrial output and the fastest increase since October 2012. The figure overshot the 1.1% rise recorded in January and reflected an improvement in manufacturing, which accelerated form a 1.1% increase in January to a 1.9% rise in February-the fastest pace of expansion in eight months.

As a result of February's reading, annual average variation in industrial production rose from minus 3.1% in January to minus 2.6% in February.

FocusEconomics Consensus Forecast panelists see industrial production rising 0.6% in 2014, which is unchanged from last month's forecast. In 2015, the panel sees industrial production increasing 1.8%.

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Greece Industry Chart

Greece Industry February 2014

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (EL.STAT) and FocusEconomics calculations.

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