In January, industrial production rose a working-day adjusted 1.1% over the same month last year, which marked the fastest increase since October 2012. January's expansion, the second consecutive increase in industrial output, overshot the 0.5% rise recorded in December. The acceleration reflected an improvement in mining and quarrying as well as in manufacturing, which rebounded from a 1.6% fall in December to a 1.1% increase in January. As a result of January's reading, annual average variation in industrial production edged up from minus 3.6% in December to minus 3.1% in January. 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%.
Industrial production grows at fastest pace in over a year
March 12, 2014
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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.).