In March, industrial production fell a working-day adjusted 8.5% over the same month last year, which followed an 8.3% contraction in February. The deterioration observed in March was entirely due to a steep decline in electricity output, while the remaining three main sub-components contracted at a softer pace. Despite the March drop, the trend improved marginally, with annual average variation in industrial production inching up from minus 8.7% in February to minus 8.6% in March.
Industrial production remains deeply mired in the red
May 10, 2012
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Greece Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (EL.STAT) and FocusEconomics calculations.
Greece Economic News
October 10, 2016
In August, industrial production fell a working-day adjusted 0.3% compared to the same month last year, which contrasted the revised 4.7% expansion in July (previously reported: +4.1% year-on-year).
October 6, 2016
The number of unemployed fell by 5,357 in July, according to the Hellenic Statistical Authority (EL.STAT.).
October 3, 2016
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) deteriorated in September, erasing most of the gains made in August.
September 9, 2016
In July, industrial production rose a working-day adjusted 4.1% compared to the same month last year, which came in below the revised 7.9% expansion in June (previously reported: +7.5% year-on-year).
September 8, 2016
The number of unemployed fell by 6,800 in June, according to the Hellenic Statistical Authority (EL.STAT.).