FX.co ★ Greece Industrial Output Falls at Softer Pace

In May 2025, Greece experienced a 2% year-on-year decline in industrial production, marking the second consecutive month of reduction. However, this drop showed an improvement from the prior month's downwardly revised 4.2% decrease. Positive growth was observed in the mining and quarrying sector, which rose by 9.1%, and in water supply, which increased by 1.8%. Conversely, manufacturing output saw a reduction of 1.4%, with electricity supply decreasing by 7.1%. When examining industrial groupings, production increased for intermediate goods and capital goods, registering gains of 7.1% and 6.5% respectively. Energy production faced a significant decline of 11.7%, while consumer durables and non-durables fell by 16.9% and 1.3%, respectively. Seasonally adjusted data indicate a month-on-month decline in industrial output of 0.4% for May 2025.