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2026-01-09 18:18:04
[Greek Industrial Output Continues to Grow, Manufacturing Shows Strong Performance, But Structural Divergence and Slowing Growth Coexist] ⑴ Data from the Hellenic Statistical Authority shows that industrial output grew by 2.6% year-on-year in November, continuing its growth trend, but the growth rate slowed significantly compared to 6.4% in October. ⑵ Looking at the breakdown, manufacturing production performed particularly well, growing by 7.0% year-on-year in November, becoming the main driver of overall industrial growth. ⑶ However, electricity production fell sharply by 11.9% year-on-year, showing significant fluctuations in the energy-related sector, while mining production grew moderately by 2.3%. ⑷ Among all industrial sectors, the largest year-on-year increase was in the motor vehicle, trailer, and semi-trailer manufacturing sector, while the largest year-on-year decrease was in coal and lignite mining—the crude oil and natural gas extraction category. ⑸ The data indicates that the foundation of Greece's industrial recovery is uneven, with strong manufacturing growth contrasting sharply with weak electricity production. This structural divergence may affect the sustainability of industrial growth. ⑹ In the future, attention should be paid to the sustainability of manufacturing growth and the impact of energy sector fluctuations on overall industrial activity, which will be important indicators for assessing the resilience of the Greek economy.
