Industry in Greece
Greece - Industry
Industrial output rebounds in March
Industrial output increased 0.6% year-on-year in working-day adjusted terms in March (February: -3.2% year-on-year), breaking a streak of five consecutive months of contraction.
The upturn was primarily driven by a rebound in manufacturing production. Meanwhile, electricity supply output fell for the eleventh successive month in March.
On a working-day adjusted monthly basis, industrial production rose 5.8% in March (February: +1.4% month-on-month). Meanwhile, the trend improved slightly, with the annual average variation in industrial production coming in at minus 1.4% in March, up from February's minus 1.5%.
FocusEconomics Consensus Forecast panelists see industrial production contracting 8.9% in 2020, which is down 2.9 percentage points from last month’s forecast. In 2021, the panel sees industrial production growing 4.6%.
Greece - Industry Data
|Industrial Production (annual variation in %)||2.3||2.6||3.9||1.6||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||1.91||0.76 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 10, 2022
Industrial output declined 4.5% year on year in working-day adjusted terms in April, which contrasted March's 8.1% increase.
June 7, 2022
GDP growth moderated to 7.0% in the first quarter, from 8.1% in the fourth quarter of last year.
June 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 53.8 in May, down from April's 54.8.
May 18, 2022
March’s print suggested a reviving labor market, as the number of employed people increased by 16,180 compared with February 2022, while the seasonally-adjusted unemployment rate declined from February’s 12.7% to 12.2% in March.
May 10, 2022
Industrial output expanded 7.9% year-on-year in working-day adjusted terms in March (February: +4.8% yoy).