Greece Industry June 2019

Greece

Greece: Industrial production rebounds in June

August 9, 2019

Industrial production rose 0.3% year-on-year in working-day adjusted terms in June, contrasting May’s revised 0.1% dip (previously reported: -1.2% year-on-year). June’s rebound was largely driven by a return to growth in the water supply sector, and softer contractions in the mining and quarrying and electricity supply sectors.

On a month-on-month basis, industrial production rose a strong 4.4% in June, accelerating from the 0.9% increase logged in May. Meanwhile, annual average growth in industrial production edged down to 1.8% in June from 1.9% in May.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.5% in 2019, which is up 0.1 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 June 2019

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (ELSTAT) and FocusEconomics calculations.


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