Economy
CPI decelerates to 4.4% YoY in June, housing costs up 10.6%
Greece’s Consumer Price Index (CPI) growth modestly decelerated in June with a rise of 4.4 percent year-on-year (YoY), from 5.2 percent in the previous month, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
Greece’s trade deficit continued its sharp decline in May with a 15.7 percent year-on-year (YoY) drop, after a fall of 25.2 percent in April, according to data released by ELSTAT on Wednesday.
Pension policy U-turn highlights government’s election concerns
There are increasing signs that the upcoming elections are playing a dominant role in the Greek government’s decision‑making process, and last week’s decision to scrap an intervention on bereavement support (known in Greece as “widows’ pensions”) sends a strong signal that the prospect of calling snap polls after the summer is not a remote possibility.
Jobs in tourism push May hiring balance upwards
Greece’s employment balance in May had 132,730 more hires than departures, according to data from the Labour Ministry’s ERGANI information system.
PBO sees resilience in economy, revises growth outlook slightly down
In its latest quarterly report, the Parliamentary Budget Office (PBO) argues that the Greek economy is currently navigating a complex global landscape, showing remarkable resilience despite geopolitical tensions.
Unemployment slides to 8.1% in May as male and youth rates improve
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.1 percent in May, from a downward revised 9.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Manufacturing PMI improves slightly in June, cost and export challenges persist
Greece’s manufacturing PMI rose to 53.8 points in June, from 53.3 points in the previous month, S&P Global data showed on Wednesday.
Energy continues to drive rise in producer prices as May sees 13.5% YoY increase
Greece’s Producer Price Index (PPI) accelerated further in May to 13.5 percent year-on-year (YoY), after a rise of 12.8 percent in the previous month, ELSTAT data showed on Tuesday.
Retail sales growth slows to 4% YoY in Apr, volumes drop as fuel consumption decreases
The growth of Greece’s retail sales moderated further with a rise of 4 percent year-on-year (YoY) in April, after an increase of 6.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Loans to businesses keep credit growth at 7.4% YoY in May
Credit expansion in the Greek private sector remained strong in May, rising by 7.4 percent year-on-year (YoY), from 6.8 percent the previous month, Bank of Greece (BoG) figures released on Monday showed.