Greece's industrial production rose 2.3 percent from a year earlier in February 2019, following an upwardly revised 4.2 percent growth in the previous month, as water supply increased at a softer pace (1.4 percent vs 1.8 percent in January) and electricity production contracted (-1.3 percent vs 21.7 percent). Meanwhile, manufacturing production grew faster (3.1 percent vs 1.5 percent) and mining output rebounded firmly (8.9 percent vs -32.1 percent). On a monthly basis, industrial output slumped 2.7 percent. Industrial Production in Greece averaged -0.76 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.
Industrial Production in Greece is expected to be 2.40 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 2.00 in 12 months time. In the long-term, the Greece Industrial Production is projected to trend around 2.20 percent in 2020, according to our econometric models.