Industry in Greece

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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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-3.2  -1.9  1.0  2.5  4.5  

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Greece Industry Chart


Greece Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Service and FocusEconomics calculations.

Greece Facts

ValueChangeDate
Bond Yield4.930.76 %Oct 18
Exchange Rate1.150.65 %Oct 18
Stock Market632-1.46 %Oct 18

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Economic News

  • Greece: Industrial production growth slows in August

    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%.

    Read more

  • Greece: Unemployment rate dips in June

    September 10, 2018

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    September 10, 2018

    Industrial production growth accelerated from a working-day adjusted 1.2% annually in June to 1.9% in July.

    Read more

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    Read more

  • Greece: Recovery loses traction in Q2

    September 3, 2018

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