Macroeconomy
Trade deficit narrows by 32 pct in Oct, but exports contract
Greece’s trade deficit recorded a drop of 32 percent year-on-year (YoY) in October, after a decline of 25.9 percent in September, according to data released by ELSTAT on Friday.
Nov headline CPI at 3 pct, food price inflation three times higher
Greece’s Consumer Price Index (CPI) growth dropped marginally in November, with a 3 pct rise year-on-year (YoY), after more than doubling to 3.4 pct in October, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
GDP unchanged on quarterly basis in Q3, up by 2.1 pct YoY
Greece’s seasonally adjusted (SA) GDP was essentially unchanged in Q3, rising by 0.02 percent quarter-on-quarter (QoQ), from 1.1 percent rise in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
Despite strains, manufacturing remains in growth as Nov PMI reaches 50.9 pts
Greece’s Manufacturing PMI was essentially unchanged in November, remaining in expansion territory and rising by a fraction to 50.9 points, from 50.8 points in October, according to S&P Global data released on Friday.
Falling energy costs drive down producer prices by 13.5 pct in Oct
Greece’s Producer Price Index (PPI) contracted for the eighth successive month in October, dropping sharply by 13.5 percent year-on-year (YoY), after falling by 4.3 percent in September, ELSTAT data showed on Thursday.
Retail sales rise by 3.3 pct in Sep, but falling volume reflects challenges
Greece’s retail sales stayed in positive ground in September, with a rise of 3.3 percent year-on-year (YoY), after a 2.7-percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Unemployment rate drops below 10 pct in Oct for first time since Sep 2009
Greece’s seasonally adjusted (SA) unemployment rate dropped below 10 percent in October, landing at 9.6 percent, after a slightly upwards revision to 10.3 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Economic sentiment stable in Nov, consumer confidence slides further
Greece’s economic sentiment (ESI) had a marginal drop of 0.4 points in November to 106.2, from a 1.4-point drop in the previous month, according to European Commission figures released on Monday.
Credit growth at 2.1 pct in Oct, but flow negative by 856 mln
The credit expansion in the Greek private sector was stable in October, rising by 2.1 percent year-on-year (YoY), unchanged from September, Bank of Greece (BoG) figures released on Tuesday showed.
Deposits drop by a sharp 2.14 bln in Oct, driven by corporations
The net private sector deposits in the Greek banking system contracted strongly in October, with a 2.14-billion-euro outflow, after an upward movement of 2.23 billion euros in September, based on the latest Bank of Greece (BoG) figures released on Tuesday.