Industry in Greece
Greece - Industry
Industrial production growth slows in December
Industrial production rose 1.1% year-on-year in working-day adjusted terms in December, moderating from November’s revised 4.2% expansion (previously reported: +3.1% year-on-year), which had marked an over one-year high. December’s moderation was chiefly driven by the mild contraction in manufacturing output, which rose strongly in the previous month.
On a month-on-month basis, industrial production dipped 1.6% in December, contrasting the 3.6% increase logged in November. Meanwhile, annual average growth in industrial production ticked down from 1.1% in November to 1.0% in December.
Greece Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.3% in 2019, which is down 0.2 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 |
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
Greece Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.29 | 0.76 % | Feb 20 |
| Exchange Rate | 1.13 | 0.65 % | Feb 20 |
| Stock Market | 672 | -1.46 % | Feb 20 |
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Economic News
Greece: Industrial production growth slows in December
February 8, 2019
Industrial production rose 1.1% year-on-year in working-day adjusted terms in December, moderating from November’s revised 4.2% expansion (previously reported: +3.1% year-on-year), which had marked an over one-year high.
Greece: Unemployment rate inches down in November
February 7, 2019
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 5,948 in November compared with October while the seasonally-adjusted unemployment rate ticked down to 18.5% from 18.7% in the previous month.
Greece: Manufacturing PMI ticks down in January
February 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched down to a three-month low of 53.7 points in January from 53.8 points in December.
Greece: Unemployment rate remains steady in October
January 10, 2019
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 11,374 in October compared with September while the seasonally-adjusted unemployment rate remained unchanged at September’s 18.6%.
Greece: Industrial production rebounds in November
January 9, 2019
Industrial production rose a solid 3.1% year-on-year in working-day adjusted terms in November, rebounding from October’s revised 0.7% dip (previously reported: -1.1% year-on-year) and marking the strongest expansion in over a year.
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