Industrial Production in Greece decreased 3.80 percent in August of 2020 over the same month in the previous year.

Industrial Production in Greece averaged -0.88 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 October of 2020.

Industrial Production in Greece is expected to be -2.60 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 3.60 in 12 months time. In the long-term, the Greece Industrial Production is projected to trend around 5.10 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Greece Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-3.80 -0.20 11.90 -13.80 2000 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-10 09:00 AM May -7.5% -10.2% -5.2%
2020-08-07 09:00 AM Jun -4.9% -7.8% -3.2%
2020-09-09 09:00 AM Jul -0.2% -4.6% -3.2%
2020-10-09 09:00 AM Aug -3.8% -0.2% 0.6%
2020-11-09 10:00 AM Sep -4.3%
2020-12-10 10:00 AM Oct

News Stream
Greek Industrial Output Falls for 4th Month
Industrial production in Greece edged down 0.2 percent year-on-year in July of 2020, following a downwardly revised 4.6 percent fall in the previous month. It was the fourth consecutive month of falls in industrial activity, as output declined for electricity supply (-1.7 percent). Meantime, manufacturing production showed no growth. On the other hand, production of both water supply (0.8 percent) and mining & quarrying (5 percent) rose. On a seasonally adjusted monthly basis, industrial output climbed 3.9 percent, following a 2.9 percent gain in June.
Greek Industrial Output Contraction Eases in June
Greece's industrial production contracted 4.9 percent from a year earlier in June 2020, following a 7.8 percent slump in the previous month, as output fell for all categories: energy (-9.8 percent vs -2.3 percent); consumer durables (-6.4 percent vs -36.8 percent); capital goods (-3.7 percent vs -12.1 percent); intermediate goods (-3.3 percent vs -11.2 percent); and consumer non-durable goods (-0.7 percent vs -7.4 percent).
Greek Industrial Output Falls 7.5% YoY in May
Industrial production in Greece dropped 7.5 percent year-on-year in May of 2020, following an upwardly revised 10.2 percent fall in the previous month. Output decreased at a softer pace for manufacturing (-8.4 percent vs -11.7 percent in April) and mining & quarrying (-11.8 percent vs -19.2 percent). Meantime, production rose faster for water supply (4.8 percent vs 2.5 percent) while that of electricity supply fell more (-4.8 percent vs -4.7 percent). On a seasonally adjusted monthly basis, industrial production went up 0.9 percent, recovering from an 8.5 percent fall in April.
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).

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.