In July, industrial production plummeted a working-day adjusted 5.0% over the same month last year, contrasting the 0.2% increase observed in June (previously reported: +0.3% year-on-year), which had represented the first increase since April 2008. The deterioration observed in July was broad-based, as all the main categories recorded lower readings over the previous month. In particular, manufacturing output registered the largest drop. As a result, the trend deteriorated further, with annual average variation in industrial production stepping down from minus 6.1% in June to minus 6.4%.
Industrial production falls again in July after slight improvement in June
September 10, 2012
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Greece Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (EL.STAT) and FocusEconomics calculations.
Greece Economic News
October 10, 2016
In August, industrial production fell a working-day adjusted 0.3% compared to the same month last year, which contrasted the revised 4.7% expansion in July (previously reported: +4.1% year-on-year).
October 6, 2016
The number of unemployed fell by 5,357 in July, according to the Hellenic Statistical Authority (EL.STAT.).
October 3, 2016
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) deteriorated in September, erasing most of the gains made in August.
September 9, 2016
In July, industrial production rose a working-day adjusted 4.1% compared to the same month last year, which came in below the revised 7.9% expansion in June (previously reported: +7.5% year-on-year).
September 8, 2016
The number of unemployed fell by 6,800 in June, according to the Hellenic Statistical Authority (EL.STAT.).