Greece: Industrial production rebounds in March
May 10, 2018
Industrial production expanded a working-day-adjusted 1.1% in annual terms in March, rebounding from February’s revised 1.9% contraction (previously reported: -2.0% year-on-year). February’s result had marked the worst reading since March 2016. The rebound was driven by a double-digit increase in electricity output.
On a monthly basis, industrial output grew 6.0% month-on-month in working-day adjusted terms in March, above February’s revised 4.8% increase (previously reported: +4.7% month-on-month). Meanwhile, annual average growth in industrial production fell from 2.9% in February to 2.1% in March.
Greece Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production expanding 2.6% in 2018, which is unchanged from last month’s forecast. In 2019, the panel sees industrial production growing 2.7%.