FX.co ★ Greece Industrial Output Rises for 5th Month

Industrial production in Greece rose 5.3% year-on-year in January 2026, accelerating from a 3.9% increase in December and marking the fifth consecutive month of expansion. The upturn was driven primarily by a 22.5% surge in electricity supply output (vs 1.3% in December). Manufacturing production also continued to grow, rising 1.1% (vs 3.8% previously), supported mainly by higher output of electronic and optical products, as well as basic pharmaceutical products and preparations.

In contrast, water supply contracted further, falling 3.4% (vs -1.5% in December), while mining and quarrying tumbled 16.2%, reversing sharply from a 68.2% jump in the previous month.

By main industrial group, output increased for energy (16.1% vs 2.2%), consumer durables (20.4% vs 14.4%), and non-durable consumer goods (4.1% vs 4.8%). However, production declined for intermediate goods (-4% vs 2.8%) and capital goods (-3.7% vs 3.8%).

On a seasonally adjusted monthly basis, industrial production rose 0.5% in January, slowing from a 1.4% gain in December.