Economy
BoG provides insight into Greece’s housing affordability problem
In its Governor’s Report for 2025, the Bank of Greece dedicated a section to the factors shaping house prices in Greece and the capacity of households to finance the acquisition of a home.
How Iran war is reshaping Greece’s economy
The war in Iran has entered its second month, precipitating what the International Energy Agency (IEA) describes as the “largest supply disruption in the history of global oil markets”.
Iran war creates turbulence for Greek tourism outlook
The Iran war has introduced a level of volatility into the Greek tourism sector not seen since the pandemic in 2020. Four weeks into the conflict, the effects are already visible: jet fuel costs have doubled, pushing airfares higher, while the paralysis of Middle Eastern aviation hubs has severed vital connections to the East.
Unemployment edges up to 8.5 pct in Feb
Greece’s seasonally adjusted (SA) unemployment rate edged up to 8.5 percent in February, from an upwards revised 7.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
PMI stable in March as war starts affecting business and confidence
Greece’s manufacturing PMI was stable in March at 54.5 points, from 54.4 points in the previous month, S&P Global data showed on Wednesday.
Strong rise in food sales pushes 7 pct YoY increase in Jan retail
The growth of Greece’s retail sales jumped by 7 percent year-on-year (YoY) in January, after a rise of 6.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Economic sentiment declines in March, consumer confidence at lowest since 2022
Greece’s economic sentiment (ESI) deteriorated in March, with the index at 106.8 points, from 107.6 in the previous month, according to European Commission figures released on Monday.
PPI drop moderates to 1.7 pct YoY in Feb, driven by energy
Greece’s Producer Price Index (PPI) moderated its drop in February to 1.7 percent year-on-year (YoY), after a decrease of 3.7 percent in the previous month, ELSTAT data showed on Monday.
Greece braces for price shockwaves from Iran amid weakening purchasing power
As the conflict in Iran shows no sign of easing, and with damage to energy infrastructure in the Middle East estimated to have reduced production capacity by roughly 30–40 percent - repairs that could take years to complete - it is becoming evident that the world will face unsettled energy markets and volatile prices for some time, even in the more benign scenario of a swift end to the war.
Building activity moderated in Dec, dropped by 2.6 pct in 2025
Building activity moderated in December, with a rise of 0.9 percent year-on-year, after an increase of 9.9 percent YoY seen in November, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.