Greece Industry October 2018


Greece: Industrial production drops in October

December 10, 2018

Industrial production contracted in October, recording the first fall since February. Industrial output dropped 1.1% over the same month last year in working-day adjusted terms. The fall contrasted September’s revised 1.8% increase (previously reported: +2.0% year-on-year). The result was driven chiefly by reduced mining and quarrying production, and manufacturing output.

On a month-on-month basis, industrial production contracted 6.4% in October, notably contrasting September’s 4.5% rise. Annual average growth in industrial production fell from 1.1% in September to 0.8% in October.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.7% in 2019, which is unchanged from last month’s forecast. In 2020, the panel sees industrial production growing 2.0%.


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Greece Industry Chart

Greece Industry October 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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