Greece Industrial production February 2021

Greece

Greece: Industrial output growth gains momentum in February

April 9, 2021

Industrial output increased 4.4% year-on-year in February (January: +3.5% yoy). February’s upturn was largely owing to quicker growth in manufacturing and electricity supply output. Meanwhile, mining and quarrying production swung back to contraction.

On a seasonally-adjusted monthly basis, industrial output slid 2.5% in February, contrasting January’s 3.2% rise. Meanwhile, the trend improved notably, with the annual average variation of industrial production coming in at minus 1.1% in February, up from January's minus 1.7% reading.

FocusEconomics Consensus Forecast panelists see industrial production growing 4.3% in 2021, which is up 0.2 percentage points from last month’s forecast. In 2022, the panel sees industrial production growth softening to 4.6%.


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Greece Industrial production Chart


Greece Industry February 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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