Greece Industry March 2017


Greece: Industrial production growth stays strong in March

May 10, 2017

Industrial production in Greece expanded a strong working-day adjusted 8.7% in March compared to the same month of last year, which was below February’s revised multi-year high of 11.0% growth (previously reported: +10.8% year-on-year). The healthy figure was driven by booming mining and quarrying production as well as strong growth in manufacturing output.

Meanwhile, industrial output expanded 0.4% in March over the previous month in working-day adjusted terms, which was below February’s 6.0% increase. Annual average growth in industrial production rose from February’s 3.9% to 4.9%.

FocusEconomics Consensus Forecast panelists see industrial production expanding 2.2% in 2017, which is up 0.4 percentage points from last month’s forecast. In 2018, the panel also sees industrial production growing 2.2%.

Author: Angela Bouzanis, Senior Economist

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Greece Industry Chart

Greece Industry March 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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