Greece Industrial Output Climbs to 20-Month High

Industrial output in Greece climbed 8.3% year-on-year in March 2026 from a revised 2.3% rise in the previous month, marking the strongest growth since July 2024. Manufacturing output picked up (5.5% vs 3.6% in February), supported by gains in computers, electronic and optical products (37%), and basic pharmaceutical products and preparations (30.6%). Production also rebounded strongly in electricity supply (24.6% vs -1.5%). In contrast, water supply output declined further (-1.5% vs 1%), while mining and quarrying contracted at a softer pace (-5.4% vs -7.6%). By industrial grouping, output recovered in energy (12.1% vs -6.4%) and consumer durables (19.5% vs -8.7%), while growth continued for non-durable goods (12% vs 7.1%). Meanwhile, production growth eased for intermediate goods (0.7% vs 3.9%) and capital goods (4.4% vs 12.5%). On a seasonally adjusted monthly basis, industrial activity rose 1.1% in March, recovering from a revised 0.5% decline in the prior month.

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.