Macroeconomy
Industrial turnover rises by 11.3 pct in December
Greece’s industrial turnover increased by 11.3 percent year-on-year (YoY) in December, recovering from a revised drop of 8 percent seen in November, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
Budget primary balance at 498 mln in Jan as net revenues fall short of target
The budget primary balance came to a primary surplus of 498 million euros in the first month of 2020, below target by 771 million euros, the Finance Ministry (MoF) preliminary budget execution bulletin showed this week.
CPI rises by 0.9 pct in January
Greece’s Consumer Price Index (CPI) increased by 0.9 percent year-on-year in January following a rise of 0.8 percent in December, marking two positive readings after three negative months, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct
The European Commission updated its economic estimates for Greece on Thursday, as part of the regular winter forecast cycle, revising upward its expectations for the growth of 2019 to 2.2 percent from 1.8 percent in the autumn forecasts three months ago.
Employment balance negative by 17,318 in January
The employment balance was negative by 17,318 in January according to data from the Labour Ministry’s Ergani information system.
Building permits increase by 12.4 pct in November
Building permits rose by 12.4 percent year-on-year (YoY) in November compared to a rise of 12.6 percent in October, Hellenic Statistical Authority (ELSTAT) data released on Wednesday showed.
Car sales rise by 8.3 pct in January
Road motor vehicles going into circulation for the first time rose by 8.3 percent in January after an increase of 21 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Industrial production declines by 4.5 pct in Dec
Greece’s Industrial Production Index (IPI) dropped by 4.5 percent in year-on-year (YoY) in December compared to a downward revised drop of 9 percent in November according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
New tax debt at 8.02 bln to Dec, down by 26.7 pct versus 2018
The month-on-month rise in Greece's new tax debt jumped by 1.06 billion euros in December, data from the Independent Authority of Public Revenues (IAPR) has shown.
Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
During the first visit to Athens of the new Economic Affairs Commissioner Paolo Gentiloni, the Greek government stepped up its efforts to secure more fiscal space that will allow it to continue its policy of tax cuts.