Greece Industrial Output Growth Slows in September

Industrial production in Greece rose 0.6% year-on-year in September 2026, slowing from an upwardly revised five-month high of 6.3% in the previous month. The slowdown was mainly driven by weaker growth in manufacturing output (0.3% vs 4.5% in August), mining and quarrying (0.7% vs 1.5%), and electricity (2.3% vs 13.6%). At the same time, water supply recorded a steeper decline (-3.1% vs -2.5%). By industrial group, output growth slowed for energy (0.5% vs 9.7%), while consumer non-durables stagnated after gaining 3.4% previously. Capital goods also fell 5.4%, following a 21.1% advance. In contrast, output growth accelerated in intermediate goods (2.3% vs 2.1%), while consumer durables rebounded by 10.7% after falling 2.5%. On a seasonally adjusted monthly basis, industrial production eased to 0.3%, following a revised 4.5% rise in August.

Industrial output in Greece rose 5.8% year-on-year in August 2026, rebounding from a revised 1.1% decline in the previous month and highest recorded growth since March 2026. The recovery was led by electricity supply, which surged by 13.2%, reversing a 12.4% contraction in the previous month. Manufacturing growth also strengthened to 4.0% from 2.0% in July, supported by robust gains in motor vehicles, trailers and semi-trailers (269.1%), repair and installation of machinery and equipment (27.8%), textiles (15.6%), and other transport equipment (13.1%). Conversely, wearing apparel (-18.4%), machinery and equipment not elsewhere classified (-6.7%), and basic metals (-4.8%) recorded the steepest declines. Mining and quarrying rebounded (1.5% vs -3.5%), while water supply declined at slower pace (2.5% vs 4.0%). On a seasonally adjusted monthly basis, industrial activity rose 2.0% from -1.8% in the previous month.

Industrial output in Greece declined by 1.2% from the previous year in July 2026, reversing from an upwardly revised 1.2% increase in June. The downturn was driven by sharp contractions in electricity supply (-12.4% vs -3.9%), and water supply (-4.0% vs -2.6%) declined. Mining and quarrying also remained in contraction, declining 3.5% (vs. -4.3%). Manufacturing, however, remained in positive territory, although growth eased (1.9% vs 2.6%). Notable growth was recorded in computers, electronic and optical products (13.6%), machinery and equipment (7.3%), printing and reproduction of recorded products (6.4%), and motor vehicles, trailers and semi-trailers (5.1%), while wood and wood products (-7.0%) and leather and related products (-6.2%) saw the sharpest declines. On a seasonally adjusted monthly basis, industrial activity declined further to -1.7% from -0.3% in the previous month.