Economy
Trade deficit drops by 20 pct in 2023 despite contraction of exports
Greece’s trade deficit recorded a drop of 11.3 percent year-on-year (YoY) in December, after a decline of 28.6 percent in November, according to data released by ELSTAT on Wednesday.
Labour database shows 8 in 10 workers earn less than 1,200 per month
The annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers.
Labour market improves further in 2023, with 43,802 more hirings
Greece’s employment balance turned positive in December, with 18,496 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Unemployment falls to 9.2 pct in Dec amid big YoY drop in number of out-of-job workers
Greece’s seasonally adjusted (SA) unemployment rate remained below 10 percent in December, landing at 9.2 percent, from 9.4 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
Greece’s Manufacturing PMI recorded solid gains in January, rising to 54.7 points from 51.3 points in December, according to S&P Global data released on Thursday.
Retail sales make marginal YoY gains in Nov, volumes continue to fall sharply
Greece’s retail sales made marginal gains in November, with a rise of 0.6 percent year-on-year (YoY), after no change in October, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Investment grade rewards evident in first bond issuance of 2024, attracting record demand
The benefits of Greece securing the investment grade for its sovereign debt from four rating agencies last year were clearly visible in the first bond issued by the Public Debt Management Agency on Tuesday.
Producer prices drop by 7.1 pct in 2023, non-durables up by 6 pct in Dec
Greece’s Producer Price Index (PPI) contracted for the tenth successive month in December, dropping by 6.6 percent year-on-year (YoY), after falling sharply by 8.9 percent in November, ELSTAT data showed on Tuesday.
Economic sentiment up in Jan, consumer confidence plunges by 6 pts
Greece’s economic sentiment (ESI) experienced a solid recovery in January, rising by 1.4 points to 107.2, after an increase of 0.4 points in December, according to European Commission figures released on Tuesday.
Seasonal factors lead to strong deposit growth of 6.4 bln euros in Dec
The net private sector deposits in the Greek banking system grew strongly, as is the seasonal trend, in December with a jump of 6.38 billion euros, after a negative movement of 747 million euros in November, based on the latest Bank of Greece (BoG) figures released on Friday.