Industry in Greece

Greece Industry | Economic News & Forecasts

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  

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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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