Industry in Greece
Greece - Industry
Industrial production declines again in April
Industrial production dropped 0.8% year-on-year in working-day adjusted terms in April, following March’s revised 2.8% decline (previously reported: -2.7% year-on-year), which had marked the sharpest fall in three years. April’s downturn was largely driven by a contraction of the manufacturing, and mining and quarrying sectors.
On a month-on-month basis, industrial production fell a steep 3.3% in April, following the marginal 0.1% increase logged in March. Meanwhile, annual average growth in industrial production edged down from 1.6% in March to 1.3% in April.
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.8% in 2019, which is up 0.1 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 | 3.17 | 0.76 % | Jun 20 |
| Exchange Rate | 1.13 | 0.65 % | Jun 20 |
| Stock Market | 837 | -1.46 % | Jun 20 |
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Industrial production dropped 0.8% year-on-year in working-day adjusted terms in April, following March’s revised 2.8% decline (previously reported: -2.7% year-on-year), which had marked the sharpest fall in three years.
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