Economy
Producer prices continue to slide, down by 4.3 pct YoY in Feb
Greece’s Producer Price Index (PPI) completed a full year of contraction in February, dropping by 4.3 percent year-on-year (YoY), after falling by 7 percent in January, ELSTAT data showed on Friday.
Deposits continue to slide in Feb as households and firms dip into savings
The net private sector deposits in the Greek banking system contracted further in February with a drop of 1.07 billion euros, after a 5.24 billion euros drop in January, based on the latest Bank of Greece (BoG) figures released on Thursday.
Lending to corporations drives credit expansion of 3.8 pct YoY in Feb
The credit expansion in the Greek private sector picked up pace slightly in February, rising by 3.8 percent year-on-year (YoY), up from 3 percent in January, Bank of Greece (BoG) figures released on Thursday showed.
Small gains for building activity in Dec, up 7.1 pct in full 2023
Building permits only rose marginally in December, up by 0.6 percent year-on-year (YoY), after dropping by 1.2 percent year-on-year (YoY) in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Economic sentiment and consumer confidence gain ground in March
Greece’s economic sentiment (ESI) recovered strongly to 108.4 points in March, from 104.9 points in February, according to European Commission figures released on Wednesday.
Travel balance surplus more than doubles YoY in Jan
Greece's travel balance recorded a modest surplus of 112.6 million euros in January, compared to 114.9 million euros in December, according to data released by the Bank of Greece (BoG) on Tuesday.
Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
The budget primary balance was confirmed at a surplus of 3.38 billion euros in February, compared to a surplus of 4.22 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Jan current account in surplus, trade balance worsens as exports drop again
Greece’s current account recorded a surplus of 1.7 billion euros in January, from a deficit of 2.25 billion euros in December, Bank of Greece (BoG) data showed on Friday.
Industrial turnover returns to growth in Jan with 3.2 pct YoY rise, falls sharply MoM
Greece’s industrial turnover returned to growth in January, rising by 3.2 percent year-on-year (YoY) from a 7.1 percent decrease in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Great Expectations: Is Greece 2.0 hitting the target?
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Funding from the EU’s Recovery and Resilience Facility has been central to shaping expectations of economic recovery in Greece as the country emerges from its ten-year economic crisis and the Covid-19 pandemic.