Industry in Greece
Greece - Industry
Industrial production growth slows in August
Industrial production growth lost steam in August, slowing from July’s revised working-day adjusted 2.0% year-on-year (previously reported: 1.9% yoy) to 1.4%. Slower growth in manufacturing output was chiefly behind the deceleration.
On a month-on-month basis, industrial production plunged, recording the worst result in two years. Industrial output fell 11.0% over the previous month, a sharp contrast from July’s 5.0% growth. Accordingly, annual average growth in industrial production edged down to 1.3% in August from 1.6% in July.
Greece Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.6% in 2018. In 2019, the panel sees industrial production growing 2.1%, unchanged from previous month’s projection.
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||4.93||0.76 %||Oct 18|
|Exchange Rate||1.15||0.65 %||Oct 18|
|Stock Market||632||-1.46 %||Oct 18|
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October 10, 2018
Industrial production growth lost steam in August, slowing from July’s revised working-day adjusted 2.0% year-on-year (previously reported: 1.9% yoy) to 1.4%.
September 10, 2018
According to data released by the Hellenic Statistical Authority (EL.STAT), the number of unemployed workers fell by 12,624 in June compared with May, while those in employment rose by 17,656 in the same period.
September 10, 2018
Industrial production growth accelerated from a working-day adjusted 1.2% annually in June to 1.9% in July.
September 6, 2018
According to data recently released by the Hellenic Statistical Authority (EL.STAT), the number of unemployed workers decreased by 12,624 in June compared with May and the seasonally-adjusted unemployment rate fell to 19.1% from a revised 19.3% in the previous month (previously reported: 19.5%).
September 3, 2018
According to provisional data released by the Hellenic Statistical Authority (ELSTAT), the Greek economy lost some momentum in the second quarter, after expanding at the fastest pace in over 10 years at the start of the year.