Greece Industry September 2017

Greece

Greece: Industrial production growth decelerates in September

November 10, 2017

Industrial production expanded a working-day-adjusted 2.4% in September compared to the same month of last year, which was below August’s revised 5.5% growth (previously reported: +5.6% year-on-year). September’s result reflected contracting output of water supply and a modest increase in manufacturing production.

Industrial output rose 2.0% in September over the previous month in working-day adjusted terms, which contrasted August’s 9.6% decrease. Annual average growth in industrial production rose from August’s 4.7% to 4.9%..

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.9% in 2018, which is unchanged from last month’s forecast. In 2019, the panel sees industrial production growing 2.1%.


Author: Angela Bouzanis, Senior Economist

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Greece Industry Chart


Greece Industry September 2017

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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