Industry in Greece
Greece - Industry
Industrial production loses steam in November
Industrial production expanded a working-day adjusted 2.3% in November compared to the same month of the previous year, which was a deceleration from October’s revised 7.0% rise (previously reported: +6.8% year-on-year). The slowdown was driven by a deceleration in manufacturing growth and a more pronounced contraction in mining and quarrying activity. In addition, electricity output and water supply growth eased.
Meanwhile, industrial output fell 1.6% in November over the previous month in working-day adjusted terms, which followed October’s revised 1.5% decrease (previously reported: -1.7% month-on-month). Annual average growth in industrial production was stable at October’s 2.7%.
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 2.1%.
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||7.04||0.0 %||Jan 20|
|Exchange Rate||1.07||0.63 %||Jan 20|
|Stock Market||639||-0.52 %||Jan 20|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
January 12, 2017
The number of unemployed decreased by 8,200 in October, according to the Hellenic Statistical Authority (EL.STAT.).
January 10, 2017
Industrial production expanded a working-day adjusted 2.3% in November compared to the same month of the previous year, which was a deceleration from October’s revised 7.0% rise (previously reported: +6.8% year-on-year).
January 3, 2017
The Markit manufacturing Purchasing Managers’ Index (PMI) rose in December, after falling to a one-year low in November.
December 20, 2016
Following months of calm and relative compliance with creditor demands, tensions spiked in December between the Greek government and its lenders.
December 9, 2016
Industrial production in Greece expanded a working-day adjusted 6.8% in October compared to the same month last year, which was a large improvement from September’s 0.1% rise.