Economy
Car sales rise strongly in March, up 6.4 pct YoY in Q1
Vehicles going into circulation for the first time had significant gains of 16.5 percent year-on-year (YoY) in March, after a marginal increase of 0.5 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Underspend and rising tax revenues push primary surplus to 4.39 bln by March
The budget primary balance produced a surplus of 4.39 billion euros up to March, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
IMF sees war having moderate impact on economy, while fiscal outlook remains solid
The IMF published this week its latest macroeconomic and fiscal forecasts in the context of the spring meetings with the World Bank, capturing the effects of the Iran conflict and its impact on the global outlook.
Iran war fallout impacts Mar prices as energy drives 3.9 pct YoY CPI rise
Greece’s Consumer Price Index (CPI) accelerated significantly in March with a rise of 3.9 percent year-on-year (YoY), from 2.7 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT).
Energy drives import price drop of 3.2 pct YoY in Feb
Greece’s import price index remained in contraction with a drop of 3.2 percent year-on-year (YoY) in February, after a 4.6 percent decrease in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Industrial production growth slows to 1.8 pct YoY in Feb, led by manufacturing
Greece’s Industrial Production Index (IPI) slowed in February with a rise of 1.8 percent year-on-year (YoY), from 5.7 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
BoG provides insight into Greece’s housing affordability problem
In its Governor’s Report for 2025, the Bank of Greece dedicated a section to the factors shaping house prices in Greece and the capacity of households to finance the acquisition of a home.
How Iran war is reshaping Greece’s economy
The war in Iran has entered its second month, precipitating what the International Energy Agency (IEA) describes as the “largest supply disruption in the history of global oil markets”.
Iran war creates turbulence for Greek tourism outlook
The Iran war has introduced a level of volatility into the Greek tourism sector not seen since the pandemic in 2020. Four weeks into the conflict, the effects are already visible: jet fuel costs have doubled, pushing airfares higher, while the paralysis of Middle Eastern aviation hubs has severed vital connections to the East.
Unemployment edges up to 8.5 pct in Feb
Greece’s seasonally adjusted (SA) unemployment rate edged up to 8.5 percent in February, from an upwards revised 7.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.