Greece Industrial Output Growth Slows Sharply in February

Industrial production in Greece rose by 1.8% year-on-year in February 2026, following an upwardly revised 5.7% surge in the prior month. This marked the sixth consecutive month of growth in industrial activity but the weakest performance in the ongoing streak, solely driven by manufacturing (2.9%). Notable increases were seen for the manufacture of other transport equipment (36.4%); motor vehicles, trailers and semi-trailers (28.7%); wearing apparel (34.2%); textiles (15.4%) and electrical equipment (14.2%), partly offset by a steep decline in coke and refined petroleum products (-21.7%), among others. On the other hand output fell for mining & quarrying (-8.4%); electricity supply (-1.4%) and water supply (-1%). On a seasonally adjusted monthly basis, industrial production shrank by 0.9%, the first decline in four months, after an upwardly revised 0.8% increase in the month before.

Industrial production in Greece rose by 5.3% year-on-year in January 2026, accelerating from a 3.9% increase in the previous month. This marked the fifth consecutive month of growth in industrial activity, driven by a 22.5% output increase (vs 1.3% in December) in electricity supply. Additionally, production continued to rise in the manufacturing sector (1.1% vs 3.8%), supported mainly by higher output of electronic and optical products, and basic pharmaceutical products and preparations. In contrast, water supply declined further (-3.4% vs -1.5%), while mining and quarrying plunged 16.2%, a sharp reversal from a 68.2% surge in the prior month. By industrial group, output increased for energy (16.1% vs 2.2%), consumer durables (20.4% vs 14.4%), and non-durables (4.1% vs 4.8%), while it declined for intermediate goods (-4% vs 2.8%) and capital goods (-3.7% vs 3.8%). On a seasonally adjusted monthly basis, industrial production rose by 0.5%, easing from a 1.4% gain in December.

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.