Greece Industry September 2019

Greece

Greece: Industrial production rebounds in September

November 8, 2019

Industrial production rose 1.2% year-on-year in working-day adjusted terms in September, rebounding from August’s 0.1% slip. September’s upturn was mainly driven by a strong pick-up in manufacturing output. Meanwhile, the electricity supply sector contracted at a sharper pace, and output gains the water supply sector moderated compared to August.

On a month-on-month and working-day adjusted basis, industrial production rose a robust 7.1% in September, also rebounding from the 11.9% plunge logged in August. Meanwhile, annual average growth in industrial production ticked down to 1.3% from 1.4% in the previous month.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.6% in 2020, which is up 0.3 percentage points from last month’s forecast. In 2021, the panel sees industrial production growing 1.9%.


Author:, Economist

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Greece Industry September 2019 0

Note: Working-day adjusted, year-on-year changes and annual average variation of industrial production index in %.
Source: Hellenic Statistical Authority (ELSTAT) and FocusEconomics calculations.


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