Industrial Production in Greece decreased 9.90 percent in April of 2020 over the same month in the previous year.

Industrial Production in Greece averaged -0.84 percent from 2000 until 2020, 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. Greece Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Industrial Production in Greece is expected to be 0.90 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.

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Greece Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-9.90 0.40 11.90 -13.80 2000 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-03-10 10:00 AM Jan -1.2% -4.2% -3.2%
2020-04-09 09:00 AM Feb -3.4% -1% -2%
2020-05-11 09:00 AM Mar 0.6% -3.2% -6.7%
2020-06-05 09:00 AM Apr -9.9% 0.4% -8.6%
2020-07-10 09:00 AM May -9.9% -5.2%
2020-08-07 09:00 AM Jun 0.9%
2020-09-09 09:00 AM Jul
2020-10-09 09:00 AM Aug

News Stream
Greek Industrial Output Rises for 1st Time in 6 Months
Greece's industrial production rose 0.6 percent from a year earlier in March 2020, following a revised 3.2 percent drop in the previous month. That was the first increase in output since September last year, boosted by manufacturing production (2.0 percent vs -1.5 percent in February) and water output (0.7 percent vs -1.1 percent). Meanwhile, electricity production decreased 5.1 percent (vs -10.0 percent in February) and mining output shrank 4.3 percent (vs 4.9 percent in February).
Greek Factory Output Shrinks for 5th Month
Industrial production in Greece slumped 3.4 percent from a year earlier in February of 2020, following a downwardly revised 1 percent fall in the previous month. It was the fifth straight annual decline in industrial activity, led by electricity supply (-10 percent vs -15 percent in January); manufacturing (-2.1 percent vs 4.1 percent) and water supply (-1.1 percent vs -0.4 percent). In addition, output growth slowed for mining (17.7 percent vs 26.2 percent). On a monthly basis, industrial production rose 1.5 percent, recovering from a downwardly revised 3.2 percent fall in the previous month.
Greek Industrial Output Contraction Eases Further
Industrial production in Greece decreased 1.2 percent from a year earlier in January 2020, following a downwardly revised 4.2 percent fall in the previous month. It was the fourth straight annual decline in industrial activity but the softest since October. Output fell at a softer pace for electricity supply (-15.2 percent from -20.5 percent in December) and production advanced faster for both manufacturing (3.9 percent from 0.7 percent) and mining & quarrying (27.2 percent from 4.1 percent). On the other hand, output of water supply fell (-0.4 percent from 0.7 percent). On a monthly basis, industrial production slumped 3.3 percent, after rising 6.6 percent in December.
Greek Industrial Output Contraction Eases
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.

Greece Industrial Production
In Greece, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.