Economy
GDP continued to slow in Q4, rise for 2023 at 2 pct
Greece’s seasonally adjusted (SA) GDP had marginal gains in Q4, rising by 0.2 percent quarter-on-quarter (QoQ), from a 0.1 percent drop in Q3, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
Despite slowdown, Q4 property price rise pushes 2023 increase to 13.4 pct
The growth in the nominal value of apartments in Greece stayed strong in the last quarter of 2023, increasing by 11.8 percent year-on-year (YoY) from an upwards revised 12.1 percent in Q3 2023, Bank of Greece (BoG) data released on Tuesday showed.
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.