Greece's industrial production increased 2 percent from a year earlier in September 2018, following a downwardly revised 1 percent growth in August. Looking at index components, electricity output posted the largest annual gain (10.7 percent vs -4.3 percent in August), followed by manufacturing (1.3 percent vs 2.7 percent), while mining contracted 14.7 percent (vs 9.4 percent in August) and water supply fell 2.2 percent (vs -4.1 percent in August). Industrial Production in Greece averaged -0.83 percent from 2000 until 2018, 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 1.90 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 1.50 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.