Greece Industry August 2018

Greece

Greece: Industrial production growth slows in August

October 10, 2018

Industrial production growth lost steam in August, slowing from July’s revised working-day adjusted 2.0% year-on-year (previously reported: 1.9% yoy) to 1.4%. Slower growth in manufacturing output was chiefly behind the deceleration.

On a month-on-month basis, industrial production plunged, recording the worst result in two years. Industrial output fell 11.0% over the previous month, a sharp contrast from July’s 5.0% growth. Accordingly, annual average growth in industrial production edged down to 1.3% in August from 1.6% in July.

Greece Industrial Production Forecast


FocusEconomics Consensus Forecast panelists see industrial production expanding 1.6% in 2018. In 2019, the panel sees industrial production growing 2.1%, unchanged from previous month’s projection.


Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to Industry in Greece? Download a sample report now.

Download

Greece Industry Chart


Greece Industry August 2018

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (EL.STAT) and FocusEconomics calculations.


Greece Economic News

  • Greece: Industrial production growth slows in December

    February 8, 2019

    Industrial production rose 1.1% year-on-year in working-day adjusted terms in December, moderating from November’s revised 4.2% expansion (previously reported: +3.1% year-on-year), which had marked an over one-year high.

    Read more

  • Greece: Unemployment rate inches down in November

    February 7, 2019

    According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 5,948 in November compared with October while the seasonally-adjusted unemployment rate ticked down to 18.5% from 18.7% in the previous month.

    Read more

  • Greece: Manufacturing PMI ticks down in January

    February 1, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched down to a three-month low of 53.7 points in January from 53.8 points in December.

    Read more

  • Greece: Unemployment rate remains steady in October

    January 10, 2019

    According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 11,374 in October compared with September while the seasonally-adjusted unemployment rate remained unchanged at September’s 18.6%.

    Read more

  • Greece: Industrial production rebounds in November

    January 9, 2019

    Industrial production rose a solid 3.1% year-on-year in working-day adjusted terms in November, rebounding from October’s revised 0.7% dip (previously reported: -1.1% year-on-year) and marking the strongest expansion in over a year.

    Read more

More news

Search form