Greece Industrial Output Rises Faster in May

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.

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.