Greece’s General Industrial Production Index for Nov. 2024 recorded a 4.9% increase compared to Nov. 2023, according to data released by the Hellenic Statistical Authority (ELSTAT). This marks a stronger performance than the 3.3% growth seen in the corresponding period between 2023 and 2022.
For the period Jan–Nov. 2024, the average General Industrial Production Index rose by 5.3% compared to the same period in 2023, indicating robust growth throughout the year.
On a seasonally adjusted basis, the index for Nov. 2024 showed a month-on-month increase of 2.8% compared to Oct. 2024.
Among the sectors, electricity provision registered the highest percentage increase, while the automotive sector—comprising the manufacturing of motor vehicles, trailers, and semi-trailers—experienced the sharpest percentage decline during this period.
When comparing Nov. 2024 to Nov. 2023, the largest year-on-year percentage increase was observed in the sectors of coal and lignite mining, crude oil and natural gas extraction, and mining support activities.
Conversely, the automotive sector once again registered the steepest percentage drop.
Year-on-Year Comparison: Nov. 2024 vs. Nov. 2023
The seasonally adjusted General Industrial Production Index for Nov. 2024 showed a 4.9% increase compared to Nov. 2023. This growth stemmed from the following changes across industrial sectors:
Increases:
Electricity Supply: A significant rise of 26.1%.
Water Supply: An increase of 5.5%.
Manufacturing: A modest growth of 0.5%, primarily driven by specific sub-sectors, including repair and installation of machinery and equipment, production of basic metals, tobacco products manufacturing, textile production and manufacture of non-metallic mineral products.
Decreases:
Mining and Quarrying: A decline of 6.7%, attributed to downturns in sub-sectors such as metal ore mining as well as other mining and quarrying activities.
