Economy
Solid Nov for car sales, which are up by 15.2 pct in 11M
Road motor vehicles going into circulation for the first time recorded another solid growth rate, growing strongly by 24.3 percent year-on-year (YoY), after a 38.9 percent rise in October, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Led by manufacturing and electricity, Industrial Production rises by 10.5 pct YoY in Oct
Greece’s Industrial Production Index (IPI) jumped in October, growing by 10.5 percent year-on-year (YoY), after a 1.9-percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Trade deficit narrows by 32 pct in Oct, but exports contract
Greece’s trade deficit recorded a drop of 32 percent year-on-year (YoY) in October, after a decline of 25.9 percent in September, according to data released by ELSTAT on Friday.
Nov headline CPI at 3 pct, food price inflation three times higher
Greece’s Consumer Price Index (CPI) growth dropped marginally in November, with a 3 pct rise year-on-year (YoY), after more than doubling to 3.4 pct in October, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
GDP unchanged on quarterly basis in Q3, up by 2.1 pct YoY
Greece’s seasonally adjusted (SA) GDP was essentially unchanged in Q3, rising by 0.02 percent quarter-on-quarter (QoQ), from 1.1 percent rise in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
What is driving the Greek housing market's recovery?
By:
When it comes to Greek house prices, there’s good news and there’s bad news. On the one hand, some read the recent rebound in property values almost to pre-crisis levels as a sign that the Greek economy is returning to normality after the decade-long financial crisis.
Fitch rating upgrade seals Greece re-establishing itself as investment grade material
The annual credit review cycle for Greece was concluded on Friday with Fitch becoming the latest rating agency to award Greece an investment grade, upping the country’s rating to ‘BBB-‘, while keeping the outlook stable.
Despite strains, manufacturing remains in growth as Nov PMI reaches 50.9 pts
Greece’s Manufacturing PMI was essentially unchanged in November, remaining in expansion territory and rising by a fraction to 50.9 points, from 50.8 points in October, according to S&P Global data released on Friday.
Falling energy costs drive down producer prices by 13.5 pct in Oct
Greece’s Producer Price Index (PPI) contracted for the eighth successive month in October, dropping sharply by 13.5 percent year-on-year (YoY), after falling by 4.3 percent in September, ELSTAT data showed on Thursday.
Retail sales rise by 3.3 pct in Sep, but falling volume reflects challenges
Greece’s retail sales stayed in positive ground in September, with a rise of 3.3 percent year-on-year (YoY), after a 2.7-percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.