Greece Industry November 2018


Greece: Industrial production rebounds in November

January 9, 2019

Industrial production rose a solid 3.1% year-on-year in working-day adjusted terms in November, rebounding from October’s revised 0.7% dip (previously reported: -1.1% year-on-year) and marking the strongest expansion in over a year. November’s result was chiefly driven by the marked rebound in manufacturing output.

On a month-on-month basis, industrial production increased 2.5% in November, also rebounding strongly from the 6.1% drop logged in October. Annual average growth in industrial production ticked up from 0.9% in October to 1.0% in November.

Greece Industrial Production Forecast

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.5% in 2019, which is down 0.2 percentage points from last month’s forecast. In 2020, the panel sees industrial production growing 2.0%.

Author:, Economist

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Greece Industry Chart

Greece Industry November 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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