Industry in Greece
Greece - Industry
Industrial production contracts at sharpest pace in over three years in July
Industrial production tumbled 2.1% year-on-year in working-day adjusted terms in July, contrasting June’s 0.3% increase and marking the sharpest fall since February 2016. July’s dip was largely driven by a decline in manufacturing output after it grew modestly in June. Furthermore, larger contractions in the mining and quarrying, and electricity supply sectors also weighed on the headline figure.
On a month-on-month basis, however, industrial production rose a robust 4.6% in July, accelerating from the 4.1% increase logged in June. Meanwhile, annual average growth in industrial production slid to 1.4% in July from 1.9% in June.
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.2% in 2019, which is down 0.3 percentage points from last month’s forecast. In 2020, the panel sees industrial production growing 1.2%.
Greece - Industry Data
|Industrial Production (annual variation in %)||-3.2||-1.9||2.3||2.6||3.9|
5 years of economic forecasts for more than 30 economic indicators.
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||1.99||0.76 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||854||-1.46 %||Sep 04|
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September 9, 2019
Industrial production tumbled 2.1% year-on-year in working-day adjusted terms in July, contrasting June’s 0.3% increase and marking the sharpest fall since February 2016.
September 5, 2019
The number of unemployed workers fell by 6,039 in June compared to May while the seasonally-adjusted unemployment rate ticked down to 17.0% from 17.1% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
September 4, 2019
The economic recovery gained pace in the second quarter, according to provisional data released by the Greek Statistical Institute (ELSTAT) on 4 September.
September 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) edged up to a four-month high of 54.9 in August from 54.6 in July.
August 9, 2019
Industrial production rose 0.3% year-on-year in working-day adjusted terms in June, contrasting May’s revised 0.1% dip (previously reported: -1.2% year-on-year).