Industry in Greece
Greece - Industry
Industrial output plummets in November
Industrial production plummeted 8.1% year-on-year in working-day adjusted terms in November, contrasting October’s 0.1% uptick and marking the sharpest fall since December 2011. November’s downturn was driven by a broad-based contraction across all components. Manufacturing and water output shrank after expanding in the previous month. Moreover, activity in the electricity supply, and mining and quarrying sectors declined yet again, which has occurred for more than six months running.
On a month-on-month and working-day adjusted basis, industrial production plunged 5.0% in November, following the 7.6% dive logged in October. Meanwhile, annual average growth in industrial production slid to 0.3% from 1.4% in the previous month.
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.2% in 2020, which is down 0.1 percentage points from last month’s forecast. In 2021, the panel sees industrial production growing 1.6%.
Greece - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -3.2 | -1.9 | 2.3 | 2.6 | 3.9 |
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: Unemployment rate edges down in October
January 9, 2020
The number of unemployed workers fell by 12,294 in October compared to September while the seasonally-adjusted unemployment rate edged down to 16.6% from 16.8% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
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Greece: Industrial output plummets in November
January 9, 2020
Industrial production plummeted 8.1% year-on-year in working-day adjusted terms in November, contrasting October’s 0.1% uptick and marking the sharpest fall since December 2011.
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Greece: Manufacturing PMI dips slightly in December, but remains in expansionary territory
January 2, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 53.9 in December from 54.1 in November.
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Greece: Unemployment rate ticks down in September
December 20, 2019
The number of unemployed workers fell by 1,329 in September compared to August while the seasonally-adjusted unemployment rate ticked down to 16.8% from 16.9% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
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Greece: Industrial production shrinks in October
December 10, 2019
Industrial production dipped 0.3% year-on-year in working-day adjusted terms in October, following September’s strong 2.4% increase.
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