Greece Industry


Industrial production rebounds modestly in June

Industrial production in June added a working-day adjusted 0.4% over the same month last year, which contrasted the revised 5.2% decrease recorded in May (preciously reported: -4.6% year-on-year). The monthly print is the highest in eight months and reflects an expansion in the manufacturing sector.

Annual average variation in industrial production remained unchanged at the minus 1.9% recorded in May. FocusEconomics Consensus Forecast panellists 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 June 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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