Greece Industrial Output Returns to Fall

Industrial production in Greece fell by 0.5% year-on-year in July 2025, reversing an upwardly revised 1% gain in the previous month. The decline was primarily driven by a slowdown in mining and quarrying (2.2% vs 16.6% in June) and manufacturing (0.5% vs 3.1%). On the other hand, output decreased at a softer pace for electricity (-4% vs -7.2%) and water supply (-2% vs -3%). By industrial group, output slipped for consumer durables (-14.8% vs 27.8%) and consumer non-durables (-3.3% vs 3.2%), while it slowed for intermediate goods (6.3% vs 7.4%) and capital goods (9.2% vs 9.3%). Conversely, production declined less for energy (-3.6% vs -9%). On a seasonally adjusted monthly basis, industrial output grew by 0.4% in July.