Greece Industry January 2019


Greece: Industrial production growth picks up in January

March 8, 2019

Industrial production rose 3.4% year-on-year in working-day adjusted terms in January, following December’s revised 1.3% expansion (previously reported: +1.1% year-on-year). January’s acceleration was largely driven by a rebound in manufacturing production and larger output gains in the electricity supply sector compared to the previous month.

On a month-on-month basis, industrial production dipped 3.0% in January, following the 1.4% drop logged in December. Meanwhile, annual average growth in industrial production edged up from 1.0% in December to 1.4% in January.

Greece Industrial Production Forecast

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.3% in 2019, which is unchanged from last month’s forecast. In 2020, the panel sees industrial production growing 1.6%.

Author:, Economist

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Greece Industry Chart

Greece Industry January 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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