Greece Industry September 2018

Greece

Greece: Industrial production growth picks up in September

November 9, 2018

Industrial production growth gained steam in September, rising from August’s working-day adjusted 1.4% year-on-year to 2.0%. The result was driven chiefly by a jump in electricity production, along with growth in manufacturing output.

On a month-on-month basis, industrial production rose 4.3%, notably contrasting August’s over 10.0% fall which had marked the worst result in two years. Annual average growth in industrial production, however, edged down to 1.1% in September from 1.3% in August.

Greece Industrial Production Forecast


FocusEconomics Consensus Forecast panelists see industrial production expanding 2.1% in 2019, which is unchanged from last month’s forecast. In 2020, the panel sees industrial production also growing 2.1%.


Author: Angela Bouzanis, Senior Economist

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Greece Industry Chart


Greece Industry September 2018

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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