Greece Industrial Output Rises Faster in May

Industrial output in Greece rose by 1.1% from the previous year in June of 2026, slowing from the downwardly revised 3.7% in the previous month. Still, it marked ten consecutive months of growth despite turbulent macroeconomic conditions in the period due to the war in the Middle East and its impact on higher energy prices for goods producers. Growth was supported by manufacturing (2.4%) amid higher output for machinery and equipment (5%), fabricated metal products (2.2%), printing and reproduction of recorded products (8.1%), textiles (2.2%), and food (2.2%). In turn, production fell for mining and quarrying (-3%), electricity supply (-3.8%), and water supply (-2.6%). From the previous month, industrial production eased by 0.4%.

Industrial output in Greece advanced by 3.9% year-on-year in May 2026, extending a 2.1% rise in the prior month. This marked the ninth consecutive month of growth, driven by robust growth in electricity supply (7.1% vs 9.8% in April) and stronger manufacturing output (3.7% vs 1%). Notable growth was recorded for other transport equipment (69.2%), motor vehicles, trailers and semi-trailers (33.1%), coke and refined petroleum products (32.1%), computers, electronic and optical products (31.%), tobacco products (11.7%). On the other hand, output declined for mining & quarrying (-10.9% vs -2.8%) and water supply (-2.1% vs 0.1%). On a seasonally adjusted monthly basis, industrial activity increased by 1.9% in May, after a downwardly revised 3.2% slump in the previous month. Year-to-date, industrial output rose by 3.9% compared to the same period a year ago.

Industrial output in Greece rose 2.1% year-on-year in April 2026, easing from a downwardly revised twenty-month high of 8.2% in the previous month. Manufacturing growth slowed to 1.0% from 5.5%, reflecting weaker production in food products (0.8% vs 8.9%), textiles (10.4% vs 11.0%), wearing apparel (4.9% vs 14.8%), and chemicals (0.2% vs 3.6%). Additionally, production decreased in electricity supply (9.8% vs 24.6%). Output returned to growth in water supply (0.1% vs -1.5%), while the decline in mining and quarrying eased (-2.8% vs -5.4%). By industrial grouping, growth moderated in energy (9.0% vs 12.1%) and turned negative for consumer non-durables (-1.5% vs 12.0%) and durables (-12.0% vs 19.5%). Meanwhile, output growth accelerated in intermediate goods (1.9% vs 0.6%) and capital goods (6.0% vs 4.4%). On a seasonally adjusted monthly basis, industrial activity fell 3.5% in April, following an upwardly revised 1.4% gain in the preceding period.