Industry in Greece

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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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-3.2  -1.9  1.0  2.5  4.5  

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Greece Industry Chart

Greece Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Service and Met the why particular calculations.

Greece Facts

Bond Yield4.060.76 %May 13
Exchange Rate1.120.65 %May 13
Stock Market725-1.46 %May 13

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