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.


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Greece Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -9.00 11.90 -13.80 2000 - 2019 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-08 10:00 AM Sep 1.2% -0.1% 0.5%
2019-12-10 10:00 AM Oct -0.3% 2.4% 0.7%
2020-01-09 10:00 AM Nov -8.1% 0.1% -1%
2020-02-10 10:00 AM Dec -4.5% -9% -4.6%
2020-03-10 10:00 AM Jan -4.5%
2020-04-09 09:00 AM Feb
2020-05-11 09:00 AM Mar 1%
2020-06-05 09:00 AM Apr


News Stream
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.
2020-02-10
Greek Industrial Output Falls the Most in Near 8 Years
Greece's industrial production dropped 8.1 percent from a year earlier in November of 2019, the biggest decline since December of 2011, following a revised 0.1 percent growth in the previous month. Output dropped for mining & quarrying (-9.4 percent), particularly coal & lignite, extraction of crude oil & natural gas (-48.8 percent); manufacturing (-4.9 percent); electricity (-20.1 percent) and water supply (-0.7 percent).
2020-01-09
Greek Industrial Output Falls in October
Greece's industrial production fell 0.3 percent from a year earlier in October 2019, following an upwardly revised 2.4 percent rise in the previous month, as output dropped in mining & quarrying (-12.2 percent), namely coal & lignite, extraction of crude oil & natural gas (-46.1 percent); and electricity supply (-10 percent). Meanwhile, production increased in manufacturing (2.8 percent), in particular leather & related products (21 percent), basic pharmaceutical products & pharmaceutical preparations (28.1 percent), computers, electronic & optical products (24.6 percent), electrical equipment (18.5 percent), and motor vehicles, trailers & semitrailers (46.3 percent); and water supply (1.6 percent).
2019-12-10
Greek Industrial Output Rebounds in September
Greece's industrial production rose 1.2 percent from a year earlier in September 2019, following two consecutive months of contraction, boosted by a 4.5 percent jump in manufacturing output, in particular: food, tobacco products; printing and reproduction of recorded products; basic pharmaceutical products and pharmaceutical preparations; electrical equipment; and motor vehicles, trailers and semitrailers. In addition water supply grew 1.3 percent, while output fell for both electricity supply (-9.4 percent) and mining and quarrying (-1.9 percent).
2019-11-08

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.