The budget primary balance for the first five months of 2022 came to a deficit of 1.49 billion euros, compared to a deficit of 8.14 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.
Greece’s import price index continued at an accelerated pace in April, posting another solid rise of 39.1 percent year-on-year (YoY), from 34.6 percent in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Greece’s seasonally adjusted (SA) unemployment rate dropped marginally to 12.5 percent in April, from an upwards revised 12.6 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
The rise in the nominal value of apartments in Greece slowed slightly to 8.6 percent year-on-year in Q1 of this year, from an upwards revised 9.5 percent in the last quarter of 2021, Bank of Greece (BoG) data released on Tuesday showed.
Greece’s rising bond yields have begun attracting attention domestically and internationally as the low-yield environment becomes a thing of the past. Although these developments are justifiably causing some concern, they should not at this stage be the cause of excessive anxiety, especially in the fiscal context.
Road motor vehicles going into circulation for the first time increased by 21.3 percent year-on-year (YoY) in May, picking up pace from the rise of 1.9 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Greece’s Industrial Production Index (IPI) halted its recovery in April, dropping by 4.5 percent year-on-year (YoY), after rising by an upwards revised 8.1 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Greece’s Consumer Price Index (CPI) continued its record-breaking rise in May, increasing by 11.3 percent year-on-year (YoY), from 10.2 percent in April, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
The OECD revised down its growth forecasts for Greece for 2022 amidst surging global inflation, heightened uncertainty, and tighter monetary policy conditions.
The rise in Greece’s trade deficit accelerated in April, when it increased by 49.5 percent year-on-year (YoY), from 13.5 percent increase in March, according to data released by ELSTAT on Tuesday.