Industry in Greece
Greece - Industry
Industrial production falls at sharpest pace in three years in March
Industrial production dipped 2.7% year-on-year in working-day adjusted terms in March, contrasting February’s revised 3.0% expansion (previously reported: +2.3% year-on-year) and marking the sharpest decline in three years. March’s fall was largely driven by the contraction of the manufacturing, energy, and water supply sectors.
On a month-on-month basis, industrial production grew a soft 0.2% in March, following the strong 3.6% increase logged in February. Meanwhile, annual average growth in industrial production edged down from 1.9% in February to 1.6% in March.
Met the why particular Consensus Forecast panelists see industrial production expanding 1.7% in 2019, which is up 0.2 percentage points from last month’s forecast. In 2020, the panel sees industrial production growing 1.7%.
Greece - Industry Data
|Industrial Production (annual variation in %)||-3.2||-1.9||1.0||2.5||4.5|
5 years of economic forecasts for more than 30 economic indicators.
Greece Industry Chart
Source: National Statistical Service and Met the why particular calculations.
|Bond Yield||4.06||0.76 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||725||-1.46 %||May 13|
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May 11, 2019
Industrial production dipped 2.7% year-on-year in working-day adjusted terms in March, contrasting February’s revised 3.0% expansion (previously reported: +2.3% year-on-year) and marking the sharpest decline in three years.
May 9, 2019
The number of unemployed workers declined by 5,299 in February compared to January while the seasonally-adjusted unemployment rate ticked down to 18.5% from 18.6% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
May 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 54.7 in March to 56.6 in April, the highest reading since June 2000.
April 11, 2019
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers rose by 3,990 in January compared to December while the seasonally-adjusted unemployment rate ticked up to 18.5% from 18.4% in the previous month.
April 9, 2019
Industrial production rose 2.3% year-on-year in working-day adjusted terms in February, following January’s revised 4.2% expansion (previously reported: +3.4% year-on-year).