Greece Industry April 2019


Greece: Industrial production declines again in April

June 10, 2019

Industrial production dropped 0.8% year-on-year in working-day adjusted terms in April, following March’s revised 2.8% decline (previously reported: -2.7% year-on-year), which had marked the sharpest fall in three years. April’s downturn was largely driven by a contraction of the manufacturing, and mining and quarrying sectors.

On a month-on-month basis, industrial production fell a steep 3.3% in April, following the marginal 0.1% increase logged in March. Meanwhile, annual average growth in industrial production edged down from 1.6% in March to 1.3% in April.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.8% in 2019, which is up 0.1 percentage points from last month’s forecast. In 2020, the panel sees industrial production growing 1.7%.

Author:, Economist

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Greece Industry Chart

Greece Industry April 2019

Note: 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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