Economy
Volatile energy and bond markets tighten pressure on government
The economic landscape is becoming increasingly challenging for the Greek authorities, as all the pressure points remain in place and global sources of uncertainty continue to intensify.
Draft budget for 2027 foresees positive growth and fiscal outlook in uncertain times
The Greek Finance Ministry tabled in Parliament on Monday the draft budget for 2027, with geopolitical uncertainties and the energy crisis casting a shadow over the growth outlook and the key assumptions.
Manufacturing stays in expansion in Sep despite slight PMI moderation
Greece’s manufacturing PMI slightly moderated in September at 54 points, from 54.4 points in the previous month, S&P Global data showed on Thursday.
Rises in refined oil products push producer prices up by 14.9% YoY in August
Greece’s Producer Price Index (PPI) accelerated further in August to 14.9 percent year-on-year (YoY), after a rise of 11.8 percent in the previous month, ELSTAT data showed on Wednesday.
Retail sales on the up with 6.6% YoY growth in July
The growth of Greece’s retail sales accelerated to 6.6 percent year-on-year (YoY) in July, after an increase of 4.2 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Wednesday showed.
Unemployment rate drops further to 7.4% in August
Greece’s seasonally adjusted (SA) unemployment rate moderately improved in August at 7.4 percent, from a 7.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Economic sentiment slightly improves in Sep, as recovery in consumer confidence continues
Greece’s economic sentiment (ESI) improved slightly in September, with the index at 107.6 points, from 106.9 in the previous month, according to European Commission figures released on Tuesday.
Building activity rebounds strongly with 21.5% YoY rise in June
Building activity accelerated in June, with a sharp rise of 21.5 percent year-on-year (YoY), after a marginal drop of 0.8 percent in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
Government struggles to shape narrative as rising costs compete with positive outlooks
Last week offered the kind of struggle the Greek government has become accustomed to: attempting to convince the public that the economy is performing strongly while simultaneously reacting to developments that intensify the cost‑of‑living crisis.
Credit growth picks up pace in Aug, with 7.1% YoY rise
Credit expansion in the Greek private sector slightly accelerated in August, rising by 7.1 percent year-on-year (YoY), from 6.8 percent the previous month, Bank of Greece (BoG) figures released on Friday showed.