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Income
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Society
Most Greeks saw income fall over last year, limiting purchasing power The results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited.
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EconomyMacroeconomy
Another dive for compensation in Q3 drags disposable income, consumption down Greek household disposable income fell by 2.6 billion euros or 8 percent year on year (yoy) in the third quarter of 2013 and reached 30.4 billion, according to the Hellenic Statistical Authority (ELSTAT).
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EconomyMacroeconomy
Disposable income plunged 9.3 pct in Q2, dragging consumption down with it Greek household disposable income fell by 3.1 billion euros or 9.3 percent year on year (yoy) in the second quarter of 2013 and reached 30.1 billion, according to the Hellenic Statistical Authority (ELSTAT). The latest data indicates an accelerating decline compared to the first quarter drop of -7.4 percent.