Industry in Greece

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Greece - Industry

Industrial production accelerates in December

Industrial production expanded a working-day adjusted 2.2% in December compared to the same month of the previous year, which was above November’s revised 2.0% rise (previously reported: +2.3% year-on-year). The pick-up was driven by booming electricity production and a rebound in mining and quarrying activity. However, manufacturing output fell at the fastest pace seen in nine months.

Meanwhile, industrial output expanded 2.0% in December over the previous month in working-day adjusted terms, which contrasted November’s revised 1.9% decrease (previously reported: -1.6% month-on-month). Annual average growth in industrial production fell from November’s 2.7% to 2.3%.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.9% in 2017, which is up 0.3 percentage points from last month’s forecast. In 2018, the panel sees industrial production growing 2.3%.

Greece - Industry Data

2011  2012  2013  2014  2015  
Industrial Production (annual variation in %)-5.7  -2.0  -3.2  -1.9  0.7  

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Greece Industry Chart

Greece Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Service and FocusEconomics calculations.

Greece Facts

Bond Yield7.83-0.03 %Feb 16
Exchange Rate1.070.92 %Feb 16
Stock Market6290.49 %Feb 16

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