Latest reading: In annual terms, industrial production was up 2.6% in July, following a 5.0% rise in the prior month....
Industrial Production in Greece
The Greek economy recorded an average industrial production growth rate of 2.2% in the decade to 2024. In 2024, industrial production growth was 5.2%. For more industry information, visit our dedicated page.
Greece Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Greece from 2014 to 2024.
Source: Macrobond.
Greece Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -2.0 | 10.1 | 2.4 | 2.3 | 5.2 |
Industrial output growth moderates in July
Latest reading: Industrial output increased 0.4% month-on-month in seasonally adjusted terms in July (June: +3.1% mom s.a.). July's notable deterioration was primarily driven by contractions in electricity supply and water supply production. Moreover, manufacturing output rose at a slower pace. On an annual basis, industrial output fell 0.5% in July (June: +1.0% yoy). Accordingly, the trend pointed down, with the annual average growth of industrial production coming in at 1.2%, down from June's 2.2% reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Greek industry projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Greek industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Greek industry projections.
Want to get access to the full dataset of Greek industry forecasts? Send an email to info@focus-economics.com.
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