Greece Industrial production June 2022

Greece

Greece: Industrial output expands at fastest pace in six months in June

August 10, 2022

Industrial output rose 8.4% year on year in working-day adjusted terms in June (May: +3.6% yoy). The print marked the best result since December 2021. The reading reflected a broad-based improvement, with activity in the manufacturing, electricity supply and mining and quarrying sub-sectors all improving in June.

On a seasonally-adjusted monthly basis, industrial production rose at a faster rate of 3.2% in June (May: +2.7% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 6.6% in June, down from May's 6.7% reading.

FocusEconomics Consensus Forecast panelists see industrial production expanding 2.3% in 2022, which is down 0.4 percentage points from last month’s forecast. In 2023, the panel sees industrial production growth at 2.9%.


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Greece Industry June 2022 0

Note: Working-day adjusted, year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (ELSTAT) and FocusEconomics calculations.


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