Greece Industrial Output Growth Moderates

Industrial production in Greece rose by 3.9% year-on-year in December 2025, slowing from an upwardly revised 4.3% increase in the previous month. This marked the fourth straight month of growth in industrial activity, but at a softer pace, driven by an ongoing decline in water supply (-1.5% vs -5.2% in November). At the same time, production growth softened in the manufacturing sector (3.8% vs 7%), primarily due to significantly lower output for motor vehicles, trailers and semi-trailers and basic metals. On the other hand, activity accelerated for mining and quarrying (68.2% vs 2.3%) and it recovered for electricity supply (1.3% vs -11.9%). By industrial group, growth slowed for intermediate goods (2.8% vs 5.3%), capital goods (3.8% vs 5.2%), and consumer non-durables (4.8% vs 6.1%), while it increased for energy (2.2% vs -3.5%) and consumer durables (14.4% vs 5.4%). On a seasonally adjusted monthly basis, industrial production rose by 1.4%, following a revised 1.8% gain in November.

Industrial production in Greece rose 2.6% year-on-year in November 2025, marking the third consecutive month of growth but slowing from a 6.4% gain in October. The deceleration was driven by slower manufacturing output (7.0% vs 4.2% in October) and mining and quarrying (2.3% vs 12.2%), alongside a sharp decline in electricity production (-11.9% vs 18.2%). Conversely, water supply (-5.2% vs -9.0%) continued to decline but at a slower pace. By industrial group, output growth slowed for consumer durables (5.4% vs 18.4%) and turned negative for energy (-3.5% vs 14.5%), while accelerating for intermediate goods (5.3% vs 0.9%), capital goods (5.2% vs 3.6%), and consumer non-durables (6.1% vs 3.4%). On a seasonally adjusted monthly basis, industrial production fell 1.6% in November, reversing a 0.7% increase in October.

Industrial production in Greece rose by 6.4% year-on-year in October 2025, slowing from an upwardly revised 7.3% gain in the previous month. The slowdown was mainly driven by a deceleration in manufacturing output (4.2% vs 8.2% in September). Meanwhile, output increased at a faster pace in mining and quarrying (12.2% vs 2.6%), and rebounded in electricity (7.2% vs -10.5%) and water supply (-9.8% vs 4.7%). By industrial group, output slowed for intermediate goods (0.8% vs 0.9%), capital goods (3.6% vs 10.4%), and consumer non-durables (3.5% vs 9.7%), while accelerating for energy (14.5% vs 8.1%) and consumer durables (18.5% vs 18.3%). On a seasonally adjusted monthly basis, industrial production eased sharply to 0.7%, from a revised 5% rise in September.