Greece Industry


Greece: Industrial production improves in April

June 10, 2014

In April, industrial production contracted a working-day adjusted 2.1% over the same month last year, which followed the 2.7% contraction tallied in March. The figure was driven by an improvement in mining and quarrying as well as in electricity. On a monthly basis, industrial production added 0.87%, which contrasted the 0.68% contraction observed in the previous month.

As a result of April’s reading, annual average variation in industrial production fell from minus 2.6% in March to minus 2.8%.

FocusEconomics Consensus Forecast panelists see industrial production rising 0.6% in 2014, which is unchanged from last month’s forecast. In 2015, the panel sees industrial production increasing 1.8%.

Author:, Senior Economist

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Greece Industry Chart

Greece Industry April 2014 0

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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