Industry in Greece
Greece - Industry
Industrial production growth stays strong in March
Industrial production in Greece expanded a strong working-day adjusted 8.7% in March compared to the same month of last year, which was below February’s revised multi-year high of 11.0% growth (previously reported: +10.8% year-on-year). The healthy figure was driven by booming mining and quarrying production as well as strong growth in manufacturing output.
Meanwhile, industrial output expanded 0.4% in March over the previous month in working-day adjusted terms, which was below February’s 6.0% increase. Annual average growth in industrial production rose from February’s 3.9% to 4.9%.
FocusEconomics Consensus Forecast panelists see industrial production expanding 2.2% in 2017, which is up 0.4 percentage points from last month’s forecast. In 2018, the panel also sees industrial production growing 2.2%.
Greece - Industry Data
|Industrial Production (annual variation in %)||-5.7||-2.0||-3.2||-1.9||1.0|
5 years of economic forecasts for more than 30 economic indicators.
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||5.68||-0.68 %||May 10|
|Exchange Rate||1.09||-0.20 %||May 10|
|Stock Market||792||1.75 %||May 10|
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May 15, 2017
GDP figures from Greece’s crisis-hit economy show that the economy started the year on a sour note, as growth fails to emerge despite a number of economic reforms.
May 11, 2017
The number of unemployed in Greece decreased by 6,900 in February, according to the Hellenic Statistical Authority (EL.STAT.).
May 10, 2017
Industrial production in Greece expanded a strong working-day adjusted 8.7% in March compared to the same month of last year, which was below February’s revised multi-year high of 11.0% growth (previously reported: +10.8% year-on-year).
May 2, 2017
The Markit manufacturing Purchasing Managers’ Index (PMI) edged up in April, but business conditions remain bleak in Greece’s manufacturing sector.
April 10, 2017
Industrial production in Greece expanded a working-day adjusted 10.8% in February compared to the same month of last year, which was above January’s revised 7.1% rise (previously reported: +7.2% year-on-year) and marked a multi-year high.