Greece Industry October 2016


Greece: Industrial production shoots up in October

December 9, 2016

Industrial production in Greece expanded a working-day adjusted 6.8% in October compared to the same month last year, which was a large improvement from September’s 0.1% rise. The main drivers of the growth in industrial production were manufacturing, electricity and water supply, which expanded compared to the same month last year. Mining and quarrying was the only component of the index which declined, recording a 3.1% drop on a year-on-year basis.

Meanwhile, industrial output fell 1.7% in October over the previous month in working-day adjusted terms, contrasting September’s 5.8% rise. Annual average growth in industrial production increased from 2.0% in September to 2.7% in October.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.9% in 2017, which is unchanged from last month’s forecast. In 2018, the panel sees industrial production growing 2.1%.

Author:, Economist

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Greece Industry Chart

Greece Industry October 2016

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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