Industry in Greece
Greece - Industry
Industrial production soars in January
Industrial production expanded a working-day adjusted 7.2% in January compared to the same month of last year, which was above December’s revised 2.5% rise (previously reported: +2.2% year-on-year). The pick-up was driven by booming electricity production and a rebound in manufacturing activity. However, mining and quarrying output fell to contraction in January.
Meanwhile, industrial output contracted 2.5% in January over the previous month in working-day adjusted terms, which contrasted December’s 2.2% decrease. Annual average growth in industrial production rose from December’s 2.5% to 2.8%.
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.6% in 2017, which is down 0.3 percentage points from last month’s forecast. In 2018, the panel sees industrial production growing 1.9%.
Greece - Industry Data
|Industrial Production (annual variation in %)||-5.7||-2.0||-3.2||-1.9||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||7.18||-2.40 %||Mar 28|
|Exchange Rate||1.09||-0.16 %||Mar 28|
|Stock Market||665||2.78 %||Mar 28|
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March 10, 2017
Industrial production expanded a working-day adjusted 7.2% in January compared to the same month of last year, which was above December’s revised 2.5% rise (previously reported: +2.2% year-on-year).
March 9, 2017
The number of unemployed in Greece decreased by 2,300 in December, according to the Hellenic Statistical Authority (EL.STAT.).
March 6, 2017
A complete dataset released on 6 March by the Hellenic Statistical Authority (EL.STAT) showed that the deterioration in Greece’s economy at the end of 2016 was much worse than previously estimated.
March 1, 2017
The Markit manufacturing Purchasing Managers’ Index (PMI) edged up in February, after coming in at the lowest level since September 2015 in January.
February 14, 2017
Growth in Greece’s crisis-hit economy stalled in the fourth quarter after recording the best performance seen since Q1 2008 in Q3.