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
|Industrial Production (annual variation in %)||-3.2||-1.9||1.0||2.5||4.5|
5 years of economic forecasts for more than 30 economic indicators.
Greece Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||3.17||0.76 %||Jun 20|
|Exchange Rate||1.13||0.65 %||Jun 20|
|Stock Market||837||-1.46 %||Jun 20|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 25, 2019
After suffering a resounding defeat to the conservative opposition New Democracy (ND) party in the European and local elections last month, Prime Minister Alexis Tsipras, head of the ruling left-wing Syriza party, called snap general elections for 7 July, nearly four months before the end of his term.
June 10, 2019
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.
June 6, 2019
The number of unemployed workers declined by 14,766 in March compared to February while the seasonally-adjusted unemployment rate dipped to 18.1% from 18.4% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
June 4, 2019
The economy lost further momentum at the outset of 2019, according to provisional data released by the Greek Statistical Institute (ELSTAT).
June 3, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 54.2 in May from 56.6 in April, which had marked the highest reading in nearly two decades.