Greece Industry


Industrial production deteriorates in July

In July, industrial production decreased a working-day adjusted 8.1% over the same month last year, which contrasted the 0.4% increase recorded in June. On a monthly basis, industrial production increased 0.1%, marking a significant deterioration over the 10.1% rise recorded in June.

Annual average variation in industrial production inched down from minus 1.9% in June to minus 2.2% in July. FocusEconomics Consensus Forecast panelists see industrial production declining 2.5% in 2013, which is down 0.1 percentage points from last month's forecast. In 2014, the panel sees industrial production contracting 0.4%.

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Greece Industry Chart

Greece Industry July 2013

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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