Industry in Greece
Greece - Industry
Industrial production growth slows in December
Industrial production rose 1.1% year-on-year in working-day adjusted terms in December, moderating from November’s revised 4.2% expansion (previously reported: +3.1% year-on-year), which had marked an over one-year high. December’s moderation was chiefly driven by the mild contraction in manufacturing output, which rose strongly in the previous month.
On a month-on-month basis, industrial production dipped 1.6% in December, contrasting the 3.6% increase logged in November. Meanwhile, annual average growth in industrial production ticked down from 1.1% in November to 1.0% in December.
Greece Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.3% in 2019, which is down 0.2 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||4.29||0.76 %||Feb 20|
|Exchange Rate||1.13||0.65 %||Feb 20|
|Stock Market||672||-1.46 %||Feb 20|
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February 8, 2019
Industrial production rose 1.1% year-on-year in working-day adjusted terms in December, moderating from November’s revised 4.2% expansion (previously reported: +3.1% year-on-year), which had marked an over one-year high.
February 7, 2019
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 5,948 in November compared with October while the seasonally-adjusted unemployment rate ticked down to 18.5% from 18.7% in the previous month.
February 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched down to a three-month low of 53.7 points in January from 53.8 points in December.
January 10, 2019
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 11,374 in October compared with September while the seasonally-adjusted unemployment rate remained unchanged at September’s 18.6%.
January 9, 2019
Industrial production rose a solid 3.1% year-on-year in working-day adjusted terms in November, rebounding from October’s revised 0.7% dip (previously reported: -1.1% year-on-year) and marking the strongest expansion in over a year.