Industry in Greece
Greece - Industry
Industrial production growth inches down in July
Industrial production expanded a working-day-adjusted 1.7% in July compared to the same month of last year, which was a notch below June’s revised 1.8% growth (previously reported: +1.6% year-on-year). July’s result reflected solid electricity production and robust mining and quarrying output.
Industrial output expanded 3.0% in July over the previous month in working-day adjusted terms, which was down slightly from June’s 4.8% increase. Annual average growth in industrial production fell from June’s 4.5% to 4.2%.
FocusEconomics Consensus Forecast panelists see industrial production expanding 4.0% in 2017, which is down 0.1 percentage points from last month’s forecast. In 2018, the panel sees industrial production growing 2.3%, which is unchanged from last month’s forecast.
Greece - Industry Data
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -2.0 | -3.2 | -1.9 | 1.0 | 2.5 |
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
Greece Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.40 | 0.76 % | Oct 19 |
| Exchange Rate | 1.19 | 0.65 % | Oct 19 |
| Stock Market | 746 | -1.46 % | Oct 19 |
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Economic News
Greece: PMI records best reading since June 2008
October 2, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) climbed in September, suggesting the fastest rate of growth in the manufacturing sector in over nine years.
Greece: Industrial production growth inches down in July
September 8, 2017
Industrial production expanded a working-day-adjusted 1.7% in July compared to the same month of last year, which was a notch below June’s revised 1.8% growth (previously reported: +1.6% year-on-year).
Greece: Unemployment rate edges down in June
September 7, 2017
The number of unemployed fell by 13,900 in June compared with a decrease of 8,000 in May, according to the Hellenic Statistical Authority (EL.STAT).
Greece: Unemployment rate falls in July
September 6, 2017
The number of unemployed fell by 12,700 in July compared with a decrease of 14,200 in June, according to the Hellenic Statistical Authority (EL.STAT).
Greece: PMI records best reading since August 2008
September 1, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) climbed in August, suggesting the fastest rate of growth in the manufacturing sector in nine years.
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