Greece Industry March 2018

Greece

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%.


Author: Angela Bouzanis, Senior Economist

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Greece Industry Chart


Greece Industry March 2018

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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