Greece Industrial production June 2021

Greece

Greece: Industrial output growth dips in June

August 9, 2021

Industrial output expanded 8.8% year-on-year in June, which was a deterioration from May's 14.1% increase. June’s slowdown was largely driven by weaker manufacturing output. Meanwhile, water supply production contracted over the prior month in June.

On a seasonally-adjusted monthly basis, factory output slid 1.0% in June, softening from May’s 5.1% tumble. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 5.2%, up from May's 4.1%.

FocusEconomics Consensus Forecast panelists see industrial production growing 6.0% in 2021, which is up 1.6 percentage points from last month’s forecast. In 2022, the panel sees industrial production growth softening to 3.5%.


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Greece Industrial production Chart


Greece Industry June 2021

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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