Industry in Greece
Greece - Industry
Industrial output rebounds in March
Industrial output increased 0.6% year-on-year in working-day adjusted terms in March (February: -3.2% year-on-year), breaking a streak of five consecutive months of contraction.
The upturn was primarily driven by a rebound in manufacturing production. Meanwhile, electricity supply output fell for the eleventh successive month in March.
On a working-day adjusted monthly basis, industrial production rose 5.8% in March (February: +1.4% month-on-month). Meanwhile, the trend improved slightly, with the annual average variation in industrial production coming in at minus 1.4% in March, up from February's minus 1.5%.
FocusEconomics Consensus Forecast panelists see industrial production contracting 8.9% in 2020, which is down 2.9 percentage points from last month’s forecast. In 2021, the panel sees industrial production growing 4.6%.
Greece - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 2.3 | 2.6 | 3.9 | 1.6 | -0.8 |
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
Greece Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.91 | 0.76 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Greece: Industrial output growth rises in March
May 10, 2022
Industrial output expanded 7.9% year-on-year in working-day adjusted terms in March (February: +4.8% yoy).
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Greece: Manufacturing PMI rises in April
May 3, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 54.8 in April, up from March's 54.6.
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Greece: Unemployment rate drops in February
April 11, 2022
February’s print suggested a reviving labor market, as the number of employed people increased by 112,391 compared with January 2022, while the seasonally-adjusted unemployment rate declined marginally from January’s 12.9% to 12.8% in February.
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Greece: Industrial output bounces back in February
April 8, 2022
Industrial output grew 4.8% year-on-year in working-day adjusted terms in February (January: -0.5% yoy).
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Greece: Manufacturing PMI records worst reading since April 2021 in March
April 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 54.6 in March, down from February's 57.8.
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