Latest reading: Industrial output—excluding energy—recovered following three consecutive monthly declines in April, expanding 3.3% month on month in seasonally and...
Industrial Production in Greece
In the year 2024, the industrial production in Greece was 5.25%, compared to -1.95% in 2014 and 2.26% in 2023. It averaged 2.22% over the last decade. For more industry information, visit our dedicated page.
Greece Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Greece from 2014 to 2024.
Source: Macrobond.
Greece Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -2.0 | 10.1 | 2.4 | 2.3 | 5.2 |
Industrial activity contracts at sharpest pace since April 2022 in March
Latest reading: Industrial production fell 4.6% month-on-month in seasonally adjusted terms in March, contrasting February’s upwardly revised 2.6% expansion. March's result marked the worst reading since April 2022. The deterioration was driven by a broad-based downturn across the major sectors, with manufacturing, mining, electricity and water output all contracting in March. On an annual basis, industrial production rose 1.7% in March, which was significantly below February’s 6.0% expansion. Meanwhile, the trend improved slightly, with the annual average growth of industrial production coming in at 5.1% in March, up from February's 4.9%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Greek industry projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Greek industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Greek industry projections.
Want to get access to the full dataset of Greek industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Sweden: Industrial output rebounds sharply in April -
Germany: Industrial output returns to the doldrums in April Latest reading: Industrial production decreased 1.4% on a seasonally and calendar-adjusted month-on-month basis in April. The reading was a deterioration... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Latvia: Industrial output rebounds in April Latest reading: Industrial output rose 1.9% in year-on-year terms in April, which contrasted March’s 2.5% decrease. Looking at the details... -
Estonia: Industrial output growth slows in April Latest reading: Industrial output increased 1.5% year on year in seasonally and calendar-adjusted terms in April (March: +3.5% yoy). Looking... -
Portugal: Industrial output recovers tepidly in April Latest reading: Industrial output rebounded by 1.2% month on month in seasonally adjusted terms in April, contrasting March’s 3.9% contraction....