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Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
Greece’s Producer Price Index (PPI) contracted for the sixth successive month in August, dropping by 8.3 percent year-on-year (YoY), after falling by 8.6 percent in July, ELSTAT data showed on Friday.
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Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
Greece’s retail sales returned to positive territory in July, with a rise of 3.1 percent year-on-year (YoY), after a drop of 1.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
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PBO draws attention to effects of climate crisis on public finances
The Parliamentary Budget Office (PBO) has published its quarterly report, in which it confirmed that - based on data for the first half of 2023 - the Greek economy is on course to reach its growth outlook, although natural disasters over the recent months have clouded the growth and fiscal outlook.
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Politics
Kasselakis starts to open up as early polls show little impact on public opinion so far
Stefanos Kasselakis has given his first TV interview since his shock victory in the SYRIZA leadership race as initial opinion polls indicate his victory has had little impact so far on voters’ views about the parties’ abilities.
Government paves way for major U-turn on migration as opposition warns of interference in regulators
Government faces new storm test as Kasselakis sweeps through SYRIZA
Economy
Consumer confidence takes 10-point dive in September
Greece’s economic sentiment (ESI) recorded a drop of almost 3 points in September to 108 points, after a 0.7-point increase in August, according to European Commission figures released on Thursday.
Building activity continues to grow, rising by 13 pct YoY in Jun
Mixed picture for deposits continues in Aug with rise of just 190 mln
Society
Workers lost almost 9 pct of real income last year, research shows
The Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE.
Latest census data shows demographic challenge is here as population shrinks, ages
Risk of poverty drops to 26.3 pct, reflecting post-Covid rebound
Agora
Podcast - Life on Mount Pelion after Storm Daniel
Storm Daniel hit Greece in early September, leading to almost 20 deaths and widespread destruction, as well as recriminations about whether there had been sufficient warnings and anti-flood works.
A leader from nowhere, but to where?
Our cruel summer