Russia: Industrial output records lowest expansion in over a year in June
Industrial output rose 1.9% year on year in June (May: +5.3% yoy). The result marked the worst reading since March...
Industrial Production in Greece
Over the past decade until 2022, Greece's economy recorded an average industrial production growth rate of 1.4%, slightly above the Euro Area's average of 1.1%. In 2022, industrial production growth was 2.4%. 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 2023.
Source: Macrobond.
Greece Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -0.7 | -2.0 | 10.1 | 2.4 | 2.3 |
Industrial activity falls at sharpest rate since November 2023 in May
Industrial output fell 3.4% in month-on-month seasonally adjusted terms in May, which contrasted April's 8.0% increase. May's outturn marked the worst reading since November 2023. Looking at the details of the release, manufacturing production shrank in May, and electricity supply output also increased at a softer pace. On an annual basis, industrial output rose at a more moderate pace of 6.7% in May (April: +11.7% yoy). Meanwhile, the trend improved slightly, with the annual average growth of industrial production coming in at 3.5%, up from April's 3.2%.
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 8 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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