Greece's industrial production increased by 5.8% in August 2026 compared to the previous year, marking the highest level since March 2026. This recovery from a 1.1% decline in July is a sign of improvement in the country's economic situation.
Significant Growth in Electricity Supply
The growth in industrial production this month was particularly influenced by a 13.2% increase in the electricity supply sector, which fully compensated for the 12.4% decline in the previous month. These developments highlight the importance of the energy sector in improving Greece's industrial production.
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Strengthening Production Growth in Various Sectors
Production growth in various sectors has also improved. The manufacturing sector saw a growth of 4.0%, up from 2.0% in July. This increase is particularly evident in the production of motor vehicles, trailers, and semi-trailers, which experienced a remarkable growth of 269.1%. Additionally, the repair and installation of machinery and equipment grew by 27.8%, and textile production increased by 15.6%, contributing to this overall increase.
However, some sectors faced production declines. Clothing experienced an 18.4% decrease, unclassified machinery and equipment saw a 6.7% decline, and basic metals had a 4.8% drop, marking the largest declines.
Return to Growth in Mining and Water Supply
The mining and extraction sector also saw a return to growth at 1.5%, while this sector had declined by 3.5% in the previous month. Meanwhile, water supply faced a smaller decline compared to the previous month, with a 2.5% drop, down from 4.0% in July.
On a monthly basis, considering seasonal factors, industrial activity increased by 2.0%, which, compared to a 1.8% decline in the previous month, indicates an improvement in this area. These statistics reflect positive developments in Greece's economy and the improvement of the country's industrial production under current conditions.
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