Greece Industry December 2017

Greece

Greece: Industrial production growth slides in December

February 16, 2018

Industrial production expanded a working-day-adjusted 0.2% in December compared to the same month of the previous year, which was notably below November’s revised 2.0% growth (previously reported: +0.8% year-on-year). December’s slowdown was driven by a swing to contraction in electricity production. In addition, mining and quarrying output and water supply also fell in December.

Industrial output rose 0.4% in December over the previous month in working-day adjusted terms, which was a turnaround from November’s 0.4% drop. Annual average growth in industrial production edged down from November’s 4.4% to 4.2% in December.

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


Author: Angela Bouzanis, Senior Economist

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Greece Industry Chart


Greece Industry December 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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