Macroeconomy
Budget primary surplus at 5.76 bln in October as expenditure drops
The budget primary balance recorded a surplus of 5.76 billion euros in the first ten months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
Building permits increase by 27 pct in August
Building permits rose by 27 percent year-on-year (YoY) in August compared to a rise of 18.5 percent in July, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Overdue social security contributions rise to 35.54 bln in Q3, new debtors rise
The stock of unpaid social security contributions (SSCs) increased to 35.54 billion in the third quarter (Q3) of 2019, up by 432 million compared to the figure of 35.11 billion euros registered in the second quarter (Q2) of 2019, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Car sales rise slows to 5.3 pct in October
Road motor vehicles going into circulation for the first time rose 8.6 percent year-on-year (YoY) in October, following an increase of 22.9 percent in September, Hellenic Statistical Authority (ELSTAT) data showed Monday.
Employment balance turns negative by 125,668 in October
The employment balance turned negative in October with 125,668 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.
Industrial production rises by 1.2 percent in Sept
Greece’s Industrial Production Index (IPI) rose by 1.2 percent year-on-year (YoY) in September compared to a revised decrease of 0.1 percent in August, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
CPI edges down by 0.7 pct in October
Greece’s Consumer Price Index (CPI) contracted by 0.7 percent year-on-year (YoY) in October, staying negative for a third month, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
The European Commission (EC) issued its latest forecasts for Greece in the context of its regular autumn economic forecast cycle on Thursday, when it revealed that it expects growth to remain resilient despite a slowdown in the first half of the year.
Unemployment edges down to 16.7 pct, lowest since April 2011
Greece’s seasonally adjusted (SA) unemployment rate edged down to 16.7 percent in August, down from 16.9 percent in July, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Trade deficit rises by 2.3 pct in September
Greece’s trade deficit rose by 2.3 percent year-on-year (YoY) in September compared to a fall of 1.7 percent in August, data from the Hellenic Statistical Authority (ELSTAT) released on Thursday showed.