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.