Industrial Production in Greece increased 10.10 percent in August of 2021 over the same month in the previous year. source: National Statistical Service of Greece

Industrial Production in Greece averaged -0.52 percent from 2000 until 2021, reaching an all time high of 22.60 percent in April of 2021 and a record low of -13.80 percent in January of 2009. This page provides the latest reported value for - Greece Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Industrial Production in Greece is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Industrial Production is projected to trend around 3.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Greece Industrial Production

Calendar GMT Actual Previous Consensus TEForecast
2021-09-10 09:00 AM Jul 7.8% 8.9% 4.4%
2021-10-08 09:00 AM Aug 10.1% 7.8% 6%
2021-11-10 10:00 AM Sep

News Stream
Greek Industrial Output Growth Ticks Down in July
Greece's industrial production growth eased to 7.8 percent year-on-year in July 2021 from an upwardly revised 8.9 percent in the previous month. It was the ninth consecutive month of rising production, driven by energy (11 percent); consumer non-durables (7.9 percent); capital goods (7.2 percent); consumer durables (5.3 percent); and intermediate goods (3.2 percent). Meanwhile, on a monthly basis, industrial production went up 1.0 percent in July.
Greek Industrial Output Growth Slows in June
Greece's industrial production growth eased to 8.8 percent year-on-year in June 2021 from a revised 14.1 percent in the previous month, as output rose at a softer pace for all categories: consumer durables (18.7 percent vs 53.5 percent in May); non-durable consumer goods (7.5 percent vs 11.6 percent); capital goods (19.9 percent vs 33.9 percent); intermediate goods (7.3 percent vs 14.4 percent); and energy products (8.0 percent vs 9.8 percent). On a monthly basis, industrial production fell by 1.0 percent in June, following a 5.1 percent drop in May.
Greek Industrial Output Growth at Record High
Greece's industrial production jumped 22.5 percent year-on-year in April 2021, following an upwardly revised 5.7 percent growth in the previous month. It was the largest increase in industrial output since the series began in 2000, due to a continued economic recovery and the low base effect. Output rose for all main product groups: consumer durables (88.3 percent vs 4.1 percent in March); capital goods (35.0 percent vs 18.1 percent); intermediate goods (32.9 percent vs 3.5 percent); consumer non-durables (18.8 percent vs 2.2 percent); and energy products (14.1 percent vs 8.0 percent). On a monthly basis, industrial production increased by 4.4 percent in April.

Greece Last Unit Reference Previous Highest Lowest
Industrial Production 10.10 percent Aug/21 7.80 22.60 -13.80
Industrial Production Mom 1.00 percent Jul/21 -1.00 6.90 -9.30
Manufacturing Production 5.20 percent Jul/21 6.80 23.00 -17.50
Mining Production -6.10 percent Jul/21 9.00 47.00 -28.30
Changes In Inventories 2934.72 EUR Million Jun/21 -124.72 3145.74 -1910.07

Greece Industrial Production
In Greece, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.