Greece’s industrial production decreases to 6.4% year-on-year, down from 6.8%
by VT Markets
/
Dec 10, 2025
Greece’s industrial production dropped 6.4% year-on-year in October, down from 6.8% in September. This decline signals a slowdown in the industrial sector during this period.
The small drop suggests that industrial growth in Greece is easing as we approach the new year. This trend is part of a larger pattern seen across Europe. For example, Germany’s factory orders unexpectedly fell by 3.7% in October, compared to a revised growth of 0.7% the previous month. This shows that even the largest economy in Europe is encountering challenges, and Greece’s slowdown fits into this wider context.
Other signs are also pointing downward for Greece. The latest manufacturing PMI for November fell to 51.8, down from 52.9. While this still indicates growth, it’s the third month in a row of decline and highlights waning momentum in manufacturing.
Given this trend, it may be wise to hedge long positions. One option is to buy puts on the Athex Composite Index, set to expire in January 2026. This could effectively protect against potential declines if the trends continue in December and January.
Additionally, this slowdown makes it less likely that the European Central Bank will raise interest rates in their upcoming meetings. With Eurozone inflation dropping to 2.3% in November, the lowest since mid-2021, the pressure to tighten policies has significantly reduced. This scenario may limit potential gains, so selling some out-of-the-money calls against current holdings to generate income could be a smart move.
Historically, we saw a similar pattern in 2018, where a strong recovery was followed by moderated growth. That period didn’t lead to a downturn but resulted in several months of stable trading in the Greek market. This historical context suggests we may be entering a phase of consolidation rather than a drastic drop.
Graph showing the trend of Greek industrial production over several months.Graph illustrating the trend of inflation rates across the Eurozone.
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VT 
by VT Markets
Dec 10, 2025
On hold
