Greece Industry November 2017


Greece: Industrial production growth inches up in November

January 19, 2018

Industrial production expanded a working-day-adjusted 0.8% in November compared to the same month of the previous year, which was slightly above October’s revised 0.7% growth (previously reported: +0.5% year-on-year). November’s result was driven by a rebound in manufacturing production and healthy growth in electricity output. However, mining and quarrying output and water supply contracted in November.

Industrial output fell 1.6% in November over the previous month in working-day adjusted terms, which was a smaller contraction than October’s 3.7% drop. Annual average growth in industrial production inched down from October’s 4.4% to 4.3% in November.

FocusEconomics Consensus Forecast panelists see industrial production expanding 2.2% in 2018, which is up 0.2 percentage points from last month’s forecast. In 2019, the panel sees industrial production growing 2.5%.


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Greece Industry Chart

Greece Industry November 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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