Greece Industry


Greece: Industrial production picks up in December

February 10, 2014

In December, industrial production rose a working-day adjusted 0.5% over the same month of the previous year. The increase marked an improvement over the revised 5.4% decrease recorded in November (previously reported: -6.1% year-on-year). December's figure reflects a broad-based improvement, with mining and quarrying as well as electricity recording the most significant improvements compared to the previous month.

As a result of December's reading, annual average variation in industrial production inched up from minus 3.7% in November to minus 3.6% in December.

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 December 2013

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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