Industry in Greece
Greece - Industry
Industrial output rebounds in March
Industrial output increased 0.6% year-on-year in working-day adjusted terms in March (February: -3.2% year-on-year), breaking a streak of five consecutive months of contraction.
The upturn was primarily driven by a rebound in manufacturing production. Meanwhile, electricity supply output fell for the eleventh successive month in March.
On a working-day adjusted monthly basis, industrial production rose 5.8% in March (February: +1.4% month-on-month). Meanwhile, the trend improved slightly, with the annual average variation in industrial production coming in at minus 1.4% in March, up from February's minus 1.5%.
FocusEconomics Consensus Forecast panelists see industrial production contracting 8.9% in 2020, which is down 2.9 percentage points from last month’s forecast. In 2021, the panel sees industrial production growing 4.6%.
Greece - Industry Data
|Industrial Production (annual variation in %)||2.3||2.6||3.9||1.6||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||1.91||0.76 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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May 10, 2022
Industrial output expanded 7.9% year-on-year in working-day adjusted terms in March (February: +4.8% yoy).
May 3, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 54.8 in April, up from March's 54.6.
April 11, 2022
February’s print suggested a reviving labor market, as the number of employed people increased by 112,391 compared with January 2022, while the seasonally-adjusted unemployment rate declined marginally from January’s 12.9% to 12.8% in February.
April 8, 2022
Industrial output grew 4.8% year-on-year in working-day adjusted terms in February (January: -0.5% yoy).
April 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 54.6 in March, down from February's 57.8.