FX.co ★ Greece Industrial Output Returns to Fall

Industrial production in Greece experienced a 0.5% decrease year-on-year in July 2025, a shift from the upwardly revised 1% increase observed in the preceding month. This downturn was largely attributed to a reduction in activity within the mining and quarrying sector, which saw a 2.2% decrease compared to a substantial 16.6% growth in June, as well as a decline in manufacturing output, which fell by 0.5% following a 3.1% rise previously. Conversely, the downturn was less pronounced for electricity, which decreased by 4% compared to the 7.2% drop in the previous month, and water supply, which saw a 2% decline relative to June's 3% decrease. Within industrial groups, production fell for consumer durables, with a significant drop of 14.8% following a robust 27.8% increase, and for consumer non-durables, which dipped by 3.3% after a 3.2% rise. However, there was a noted slowdown in the growth of intermediate goods, which rose by 6.3% compared to 7.4%, and capital goods, which saw a slight deceleration to 9.2% growth from 9.3%. On a positive note, energy production declined less severely, with a 3.6% decrease compared to the previous 9% fall. In terms of seasonally adjusted data, industrial output experienced a 0.4% growth on a monthly basis in July.