Economy
Seasonal jobs push quarterly unemployment to 7.9% in Q2: lowest since 2008
Greece’s non-seasonally adjusted quarterly unemployment rate dropped sharply in Q2, landing at 7.9 percent, from 10.6 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Manufacturing grows in Aug thanks to rise in new sales: optimism highest since 2024
Greece’s manufacturing PMI was stable in August at 54.4 points, from 54.3 points in the previous month, S&P Global data showed on Tuesday.
Growth of retail sales slows to 4.2% YoY in July as volumes data reveals price pressure
The growth of Greece’s retail sales decelerated to 4.2 percent year-on-year (YoY) in June, after an increase of 10.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Unemployment rate stable at 7.9% in July
Greece’s seasonally adjusted (SA) unemployment rate was broadly stable in July at 7.9 percent, from an upwards revised 8.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Energy propels 11.8% YoY increase in producer prices, as all categories rise
Greece’s Producer Price Index (PPI) accelerated in July to 11.8 percent year-on-year (YoY), after a rise of 8.8 percent in the previous month, ELSTAT data showed on Thursday.
Building activity eases in May with marginal 0.8% YoY drop
Building activity went into negative territory in May, with a marginal drop of 0.8 percent year-on-year (YoY), after a rise of 4.2 percent in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Economic sentiment moderates further in Aug, as consumer confidence rises
Greece’s economic sentiment (ESI) moderated further in August, with the index at 106.9 points, from 107.5 in the previous month, according to European Commission figures released on Friday.
Credit expansion growth slowed to 6.8% in July due to loans to businesses
Credit expansion in the Greek private sector slowed in July, rising by 6.8 percent year-on-year (YoY), from 7.7 percent the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Deposits drop by 2 bln in July, driven by corporations
Private sector deposits moderated in July, with a net outflow of 2 billion euros, after a solid rise of 8.57 billion euros in June, according to the latest Bank of Greece (BoG) figures released on Thursday.
Budget continues to perform strongly in July as VAT beats target by over 1 bln
The budget primary balance was confirmed at a surplus of 5.77 billion euros for July, compared to a surplus of 7.94 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.