Industry in Greece

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Greece - Industry

Industrial output plummets in November

Industrial production plummeted 8.1% year-on-year in working-day adjusted terms in November, contrasting October’s 0.1% uptick and marking the sharpest fall since December 2011. November’s downturn was driven by a broad-based contraction across all components. Manufacturing and water output shrank after expanding in the previous month. Moreover, activity in the electricity supply, and mining and quarrying sectors declined yet again, which has occurred for more than six months running.

On a month-on-month and working-day adjusted basis, industrial production plunged 5.0% in November, following the 7.6% dive logged in October. Meanwhile, annual average growth in industrial production slid to 0.3% from 1.4% in the previous month.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.2% in 2020, which is down 0.1 percentage points from last month’s forecast. In 2021, the panel sees industrial production growing 1.6%.

Greece - Industry Data

2013   2014   2015   2016   2017  
Industrial Production (annual variation in %)-3.2  -1.9  2.3  2.6  3.9  

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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

Value Change Date
Bond Yield1.910.76 %Jan 01
Exchange Rate1.120.65 %Dec 31

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