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: Javier Colato, Economist