Greece Industry April 2017

Greece

Greece: Industrial production growth eases in April

June 9, 2017

Industrial production expanded a working-day adjusted 1.0% in April compared to the same month of last year, which was below March’s revised notable 10.1% growth (previously reported: +8.7% year-on-year). The deceleration was due to muted growth in manufacturing output, while mining and quarrying production continued to boom.

Meanwhile, industrial output contracted 4.6% in April over the previous month in working-day adjusted terms, which contrasted March’s 1.7% increase. Annual average growth in industrial production fell from March’s 5.1% to 4.8%.

FocusEconomics Consensus Forecast panelists see industrial production expanding 2.7% in 2017, which is unchanged from last month’s forecast. In 2018, the panel sees industrial production growing 2.2%.


Author: Angela Bouzanis, Senior Economist

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Greece Industry Chart


Greece Industry April 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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