Greece's industrial production slumped 4.5 percent from a year earlier in December 2019, following a revised 9.0 percent tumble in the previous month, due to a 20.0 percent drop in electricity supply (vs -20.6 percent in November) and a 5.0 percent decrease in mining and quarrying (vs -10.0 percent in November). Meanwhile, manufacturing output grew 0.3 percent, rebounding from a 5.9 percent decline in the previous month; and water supply rose 0.6 percent, recovering from a 1.0 percent fall. Considering 2019 full year, industrial production contracted 0.6 percent, the first annual drop since 2014.
Industrial Production in Greece averaged -0.79 percent from 2000 until 2019, reaching an all time high of 11.90 percent in March of 2000 and a record low of -13.80 percent in January of 2009. This page provides the latest reported value for - Greece Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Industrial Production in Greece is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Greece to stand at 1.40 in 12 months time. In the long-term, the Greece Industrial Production is projected to trend around 1.50 percent in 2021, according to our econometric models.