Greece Industry December 2018


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. December’s moderation was chiefly driven by the mild contraction in manufacturing output, which rose strongly in the previous month.

On a month-on-month basis, industrial production dipped 1.6% in December, contrasting the 3.6% increase logged in November. Meanwhile, annual average growth in industrial production ticked down from 1.1% in November to 1.0% in December.

Greece Industrial Production Forecast

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.3% in 2019, which is down 0.2 percentage points from last month’s forecast. In 2020, the panel sees industrial production growing 1.7%.

Author:, Economist

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Greece Industry Chart

Greece Industry December 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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