Industry in Greece

Greece Industry | Economic News & Forecasts

Greece - Industry

Industrial production declines again in April

Industrial production dropped 0.8% year-on-year in working-day adjusted terms in April, following March’s revised 2.8% decline (previously reported: -2.7% year-on-year), which had marked the sharpest fall in three years. April’s downturn was largely driven by a contraction of the manufacturing, and mining and quarrying sectors.

On a month-on-month basis, industrial production fell a steep 3.3% in April, following the marginal 0.1% increase logged in March. Meanwhile, annual average growth in industrial production edged down from 1.6% in March to 1.3% in April.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.8% in 2019, which is up 0.1 percentage points from last month’s forecast. In 2020, the panel sees industrial production growing 1.7%.

Greece - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-3.2  -1.9  1.0  2.5  4.5  

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Greece Industry Chart

Greece Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Service and FocusEconomics calculations.

Greece Facts

Bond Yield3.170.76 %Jun 20
Exchange Rate1.130.65 %Jun 20
Stock Market837-1.46 %Jun 20

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