Industry in Greece
Greece - Industry
Industrial production growth moderates in June
Industrial production expanded a working-day-adjusted 1.6% in June compared to the same month of last year, which was significantly below May’s revised 6.3% growth (previously reported: +5.4% year-on-year). Regardless of the softer print, June’s reading marked the ninth consecutive month of consistent expansion following several years of volatile output. Growth in June was driven by increased manufacturing production, although eased by a decline in mining production.
Industrial output expanded 4.6% in June over the previous month in working-day adjusted terms, which was up from May’s 3.5% growth. However, annual average growth in industrial production fell from May’s 5.1% to 4.5%.
FocusEconomics Consensus Forecast panelists see industrial production expanding 3.7% in 2017, which is up 0.6 percentage points from last month’s forecast. In 2018, the panel sees industrial production growing 2.5%.
Greece - Industry Data
|Industrial Production (annual variation in %)||-2.0||-3.2||-1.9||1.0||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||5.44||0.03 %||Aug 16|
|Exchange Rate||1.17||-0.12 %||Aug 16|
|Stock Market||842||1.77 %||Aug 16|
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August 10, 2017
The number of unemployed fell by 5,490 in May compared with a decrease of 13,000 in April, according to the Hellenic Statistical Authority (EL.STAT). The unemployment rate inched down from April’s revised 21.8% (previously reported: 21.7%) to 21.7%, a multi-year low.
August 8, 2017
Industrial production expanded a working-day-adjusted 1.6% in June compared to the same month of last year, which was significantly below May’s revised 6.3% growth (previously reported: +5.4% year-on-year).
August 2, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) was table in July, resting at June’s nearly one year high of 50.5.
July 10, 2017
Industrial production expanded a strong working-day adjusted 5.4% in May compared to the same month of last year, which was notably above April’s revised 0.8% growth (previously reported: +1.0% year-on-year).
July 7, 2017
The number of unemployed fell by 12,900 in April, according to the Hellenic Statistical Authority (EL.STAT.).