Industry in Greece

Greece Industry | Economic News & Forecasts

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

2012  2013  2014  2015  2016  
Industrial Production (annual variation in %)-2.0  -3.2  -1.9  1.0  2.5  

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Greece Industry Chart

Greece Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Service and FocusEconomics calculations.

Greece Facts

Bond Yield5.440.03 %Aug 16
Exchange Rate1.17-0.12 %Aug 16
Stock Market8421.77 %Aug 16

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