Greece Industry February 2019

Greece

Greece: Industrial production growth cools in February

April 9, 2019

Industrial production rose 2.3% year-on-year in working-day adjusted terms in February, following January’s revised 4.2% expansion (previously reported: +3.4% year-on-year). February’s moderation was largely driven by a contraction of the electricity supply sector after the significant expansion recorded in the previous month.

On a month-on-month basis, industrial production grew a strong 2.9% in February, rebounding from the 2.2% fall logged in January. Meanwhile, annual average growth in industrial production edged up from 1.5% in January to 1.8% in February.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.5% in 2019, which is up 0.2 percentage points from last month’s forecast. In 2020, the panel sees industrial production growing 1.5%.


Author:, Economist

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Greece Industry Chart


Greece Industry February 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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