Greece Industry July 2018


Greece: Industrial production accelerates in July

September 10, 2018

Industrial production growth accelerated from a working-day adjusted 1.2% annually in June to 1.9% in July. The expansion was propped up by a solid increase in mining and quarrying output and robust growth in manufacturing output.

Meanwhile, on a month-on-month basis, industrial production accelerated for a third consecutive month in July, growing 4.9% in working-day adjusted terms from a revised 4.1% increse in June (previously reported: +4.0% month-on-month). Lastly, annual average growth in industrial production ticked down to 1.6% in July from 1.7% in June.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.7% in 2018. In 2019, the panel sees industrial production growing 2.1%, unchanged from previous month’s projection.


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Greece Industry Chart

Greece Industry July 2018

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (EL.STAT) and FocusEconomics calculations.

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