Greece Industry


Greece: Industrial production rebounds in May

July 10, 2014

In May, industrial production rose a working-day adjusted 1.8% over the same month last year, which contrasted the 2.1% contraction recorded in April. The figure was driven by an improvement in mining and quarrying, in manufacturing and in water supply. On a monthly basis, industrial production rose 4.05% in seasonally-adjusted terms, which was well up from the 0.87% increase observed in the previous month.

As a result of May’s increase, annual average variation in industrial production rose from minus 2.8% in April to minus 2.2%.

FocusEconomics Consensus Forecast panelists see industrial production rising 0.9% in 2014, which is unchanged from last month’s forecast. In 2015, the panel sees industrial production increasing 2.3%.

Author:, Senior Economist

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Greece Industry Chart

Greece Industry May 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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