Economy
Taxes continues to drive budget outperformance in September
The budget primary balance landed at a surplus of 7.59 billion euros up to September, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday.
Energy drives 13.8% YoY jump in August import prices
Greece’s import price index recorded another sharp rise of 13.8 percent year-on-year (YoY) in August, after an increase of 10 percent in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Car sales bounce back with 1.2% YoY rise in September
The number of vehicles going into circulation for the first time bound back in September, with a rise of 2.6 percent year-on-year (YoY), after a sharp drop of 15.5 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Draft budget for 2027 centred on strong surplus, selective support measures
The government tabled last Monday the draft budget for 2027 — an election year. The main components of the budget are in line with previous years, alongside a rather generous package of interventions for next year totalling roughly 2.3 billion euros.
Industrial production jumps 5.8% YoY in Aug, led by electricity supply
Greece’s Industrial Production Index (IPI) resumed its growth in August with a jump of 5.8 percent year-on-year (YoY), after a drop of 1.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
CPI accelerates to 5% YoY in Sep as energy dominates
Greece’s Consumer Price Index (CPI) accelerated sharply in September with a rise of 5 percent year-on-year (YoY), from 3.8 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit widens by 3.6% YoY in Aug, at 21.18 bln over eight months
Greece’s trade deficit continued its rise in August with a 3.6 percent year-on-year (YoY) increase, after an increase of 3.2 percent in July, according to data released by ELSTAT on Thursday.
Volatile energy and bond markets tighten pressure on government
The economic landscape is becoming increasingly challenging for the Greek authorities, as all the pressure points remain in place and global sources of uncertainty continue to intensify.
Draft budget for 2027 foresees positive growth and fiscal outlook in uncertain times
The Greek Finance Ministry tabled in Parliament on Monday the draft budget for 2027, with geopolitical uncertainties and the energy crisis casting a shadow over the growth outlook and the key assumptions.
Manufacturing stays in expansion in Sep despite slight PMI moderation
Greece’s manufacturing PMI slightly moderated in September at 54 points, from 54.4 points in the previous month, S&P Global data showed on Thursday.