Greece Industry
Industrial output drops at sharpest rate since April 2022 in June
Industrial output slid 3.6% year on year in working-day adjusted terms in June (May: +1.9% yoy). June’s figure marked the worst reading since April 2022. June’s reading was partly due to a deterioration in manufacturing output, as it expanded at the slowest pace since April 2022. In addition, both mining production and electricity supply fell at the tail-end of Q2.
On a seasonally adjusted monthly basis, factory output fell at a sharper rate of 1.5% in June (May: -0.3% mom). Meanwhile, annual average industrial production growth fell to 1.0% in June (May: +2.2%). This signals a worsening trend in the industrial sector.
Greece Industry Chart
This chart displays Industrial Production (annual variation in %) for Greece from 2013 to 2022.
Greece Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 1.6 | -0.7 | -2.0 | 10.1 | 2.3 |