Greece: Industrial production growth picks up in September

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%.