Economy
Current account turns to surplus in July thanks to services, tourism
Greece’s current account deficit went to a surplus of 218.5 million euros, from a deficit of 602.8 million euros in the previous month, Bank of Greece (BoG) data released on Monday showed.
Scope raises rating to 'BBB+' as Moody's ups outlook to positive
Positive developments around Greek sovereign bonds (GGBs) continued last Friday, with Moody’s upgrading its outlook on Greece to positive from neutral, while Scope Ratings raised the country’s credit rating by one notch to BBB+ with a stable outlook.
Energy drives 16.4% YoY jump in industrial turnover for July
Greece’s industrial turnover recorded another strong rise of 16.4 percent year-on-year (YoY) in July, from 19.6 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Property price growth slows to 5.5% YoY in Q2, at new all-time high
The growth in the nominal value of apartments in Greece decelerated in the second quarter of 2026, increasing by 5.5 percent year-on-year (YoY) from 6.6 percent in Q1 2026, Bank of Greece (BoG) data released on Tuesday showed.
Primary surplus at 6.5 bln up to August as taxes continue strong trend
The budget primary balance landed at a surplus of 6.5 billion euros up to August, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
Growth of wages index slows to 3.9% YoY in Q2
Greece’s seasonally adjusted (SA) Wages Index slowed in Q2 with growth of 3.9 percent year-on-year (YoY), from 6.6 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Economy holds steady in Q2 but autumn set to pose more and tougher tests
The macroeconomic releases — the latest Q2 GDP and national CPI data — were the main domestic economic events of last week, while developments outside Greece are fuelling concern about difficult months ahead for households.
Energy pushes import prices up by 10% in July
Greece’s import price index recorded another sharp rise of 10 percent year-on-year (YoY) in July, after an increase of 6.9 percent in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Sharp drop in new passenger cars leads to 18.7% YoY decline for vehicle sales in Aug
The number of vehicles going into circulation for the first time fell sharply in August, with a drop of 15.5 percent year-on-year (YoY), after a decrease of 1.2 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Despite manufacturing gains, industrial production drops by 1.2% YoY in July
Greece’s Industrial Production Index (IPI) contracted in July with a drop of 1.2 percent year-on-year (YoY), after a rise of 1.1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.