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

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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.


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