Economy
Catering and retail contribute to worst employment balance on record in Jan
Greece’s employment balance was negative in January, with 31,977 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Unemployment rate climbs back above 10 pct in Jan
Greece’s seasonally adjusted (SA) unemployment rate stayed above 10 percent in January, landing at 10.4 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
PMI records further gains in Feb, sector confidence almost at two-year high
Greece’s Manufacturing PMI continued recording gains in February, rising to 55.7 points from 54.7 points in January, according to S&P Global data released on Friday.
Producer prices drop for 11 months straight, down 6.6 pct in Jan
Greece’s Producer Price Index (PPI) contracted for eleven successive months in January, dropping by 7 percent year-on-year (YoY), after falling by 6.6 percent in December, ELSTAT data showed on Thursday.
Retail sales recorded 3.7 pct rise in 2023, but volume dropped by 3.3 pct
Greece’s retail sales made strong gains in December, in line with the seasonal trend, with a rise of 7.3 percent year-on-year (YoY), after an upwards revised growth of 1.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Building activity slows in Nov as permits contract by 1.2 pct YoY
Building permits slowed in November, dropping by 1.2 percent year-on-year (YoY), after rising by 8.7 percent year-on-year (YoY) in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday.
Sentiment falls sharply in Feb, consumer confidence continues to slide
Greece’s economic sentiment (ESI) dropping by 2.8 points to 104.8 in February, after a strong recover in January, according to European Commission figures released on Wednesday.
Credit expansion slows in Jan with 2.73 bln outflow
The credit expansion in the Greek private sector slightly slowed in January, rising by 3 percent year-on-year (YoY), up from 3.6 percent in December, Bank of Greece (BoG) figures released on Tuesday showed.
Jan sees sharp drop of 5.24 bln in deposits, led by corporations
The net private sector deposits in the Greek banking system contracted significantly in January with a drop of 5.24 billion euros, after a 6.38 billion euros jump in December, based on the latest Bank of Greece (BoG) figures released on Tuesday.
Budget starts new year on track, timing factors lead to 1.16 bln outperformance
The budget primary balance was confirmed at a surplus of 2.28 billion euros in the opening month of 2024, compared to a surplus of 2.77 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Monday.