Industrial Production in Greece increased 14 percent in May of 2021 over the same month in the previous year. source: National Statistical Service of Greece

Industrial Production in Greece averaged -0.63 percent from 2000 until 2021, reaching an all time high of 22.70 percent in April of 2021 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 August of 2021.

Industrial Production in Greece is expected to be 3.60 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 4.70 in 12 months time. In the long-term, the Greece Industrial Production is projected to trend around 3.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Greece Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
14.00 22.70 22.70 -13.80 2000 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-04-09 09:00 AM Feb 4.4% 3.5% 4.5%
2021-05-10 09:00 AM Mar 5.5% 4.3% 6%
2021-06-10 09:00 AM Apr 22.5% 5.7% 12.5%
2021-07-09 09:00 AM May 14% 22.7% 16.8%
2021-08-09 09:00 AM Jun 14% 8.6%
2021-09-10 09:00 AM Jul
2021-10-08 09:00 AM Aug
2021-11-10 10:00 AM Sep

News Stream
Greek Industrial Output Growth at Record High
Greece's industrial production jumped 22.5 percent year-on-year in April 2021, following an upwardly revised 5.7 percent growth in the previous month. It was the largest increase in industrial output since the series began in 2000, due to a continued economic recovery and the low base effect. Output rose for all main product groups: consumer durables (88.3 percent vs 4.1 percent in March); capital goods (35.0 percent vs 18.1 percent); intermediate goods (32.9 percent vs 3.5 percent); consumer non-durables (18.8 percent vs 2.2 percent); and energy products (14.1 percent vs 8.0 percent). On a monthly basis, industrial production increased by 4.4 percent in April.
Greek Industrial Output Growth Picks Up in March
Greece's industrial production growth accelerated to 5.5 percent year-on-year in March 2021, from a downwardly revised 4.3 percent in the previous month, boosted by the production of computers, electronic and optical products (27.3 percent), machinery and equipment (25.6 percent), electrical equipment (24.8 percent), textiles (22.3 percent), fabricated metal products (18.8 percent), wearing apparel (17.1 percent), beverages (16.7 percent), other transport equipment (20.5 percent) and other manufacturing (27.3 percent). Electricity supply also rose by 17.6 percent, while sharp declines were recorded for both vehicles output (-41.9 percent) and mining of metal ores (-16.0 percent).
Greek Industrial Output Rises for 4th Month
Industrial production in Greece expanded 4.4 percent year-on-year in February of 2021, following an upwardly revised 3.5 percent growth in the previous month. It was the fourth successive increase in industrial activity, mainly supported by a faster output growth in manufacturing (2.7 percent vs 1.3 percent in January), and in electricity production (12.4 percent vs 10.5 percent). Meantime mining and quarrying output declined (-5.6 percent vs 8.3 percent); and water supply unchanged from a year earlier (vs -1.6 percent). On a seasonally adjusted monthly basis, industrial output fell 2.3 percent, after a 3.2 percent gain in the prior month.
Greece Industrial Output Growth Eases in January
Industrial production in Greece expanded 3.4 percent year-on-year in January of 2021, following an upwardly revised 3.5 percent growth in the previous month. It was the third successive increase in industrial activity, mainly supported by a rebound in mining & quarrying (10.1 percent vs -9.2 percent in December) and a faster output growth in manufacturing (1.0 percent vs 0.4 percent). On the other hand, activity rose slower for electricity production (10.8 percent vs 17.5 percent) and declined in water supply (-1.6 percent vs 0.6 percent). On a seasonally adjusted monthly basis, industrial output went up 3.2 percent, after a 0.4 percent decrease in the prior month.

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.