Greece’s industrial production decreased 1.2 percent from a year earlier in May of 2019, after an upwardly revised 1.7 percent rise in the previous month. Looking at index components, declines were recorded for electricity (-13.1 percent); mining (-10 percent) and water supply (-2.7 percent). By contrast, manufacturing output rose 2.1 percent. Industrial Production in Greece averaged -0.76 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.
Industrial Production in Greece is expected to be 0.50 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 1.20 in 12 months time. In the long-term, the Greece Industrial Production is projected to trend around 1.50 percent in 2020, according to our econometric models.