FX.co ★ Greek Industrial Production Dips into the Negative: October Sees Sharp Decline

In a surprising turn for the Greek economy, industrial production plummeted to -2.9% in October 2024, marking a significant drop from September’s 2.6% growth. This year-over-year comparison highlights a stark reversal, with the latest figures indicating a contraction in industrial activities, compared to previous growth trends.

The data, updated on December 10, 2024, illustrates an economic shift for Greece, as industrial sectors face mounting challenges. Whereas September 2024 represented a period of growth, the October downturn suggests that external and internal factors may be impacting performance across various industries.

This drop raises concerns over the sustainability and resilience of Greek industrial production amidst global economic uncertainties. Stakeholders and policymakers will be keenly observing these trends to devise strategies that could stabilize and revitalize industrial growth in the coming months.