Economy
Industrial production drops by 2.1 pct in July
Greece’s Industrial Production Index (IPI) decreased by 2.1 percent year-on-year (YoY) in July compared to a revised decrease of 0.3 percent in June, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
VAT gap remains high as non-compliance overtakes revenue rise
The European Commission's VAT Gap report has revealed that tax revenues in Greece increased in 2017, but this did not close the gap between expected and actual VAT revenues.
Trade deficit rises by 6.3 pct in July
Greece’s trade deficit rose by 6.3 percent year-on-year (YoY) in July compared to a drop in 22.9 percent in June, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
August employment balance positive by 3,111
The employment balance turned positive in August with 3,111 more hirings than firings, data from the Labour Ministry’s Ergani information system showed.
Unemployment edges down again in June, falling to 17 pct
Greece’s seasonally adjusted (SA) unemployment rate came to 17 percent in June from a downward revised rate of 17.1 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY
Greece’s seasonally adjusted (SA) GDP increased by 0.8 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2019 after an increase of 0.2 percent in Q1, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
Fourlis Group reports net losses of 1.1 mln in H1
Fourlis Group has reported that their net results for the first half (H1) of the year landed on a loss of 1.1 million euros compared to profits of 400,000 euros in the same period last year.
H1 bank results show performance stabilising, laying ground for further improvement
Greece’s systemic banks reached the end of the first half of 2019 with relatively strong performance and the further derisking of their balance sheets as efforts continued to offload bad loans.
Q2 rise of 7.7 pct in apartment prices marks 12-year high
The rise in the nominal value of apartments in Greece came to 7.7 percent year-on-year (YoY) in the second quarter (Q2) of 2019 from an upward revised increase of 4.9 percent in Q1, Bank of Greece (BoG) data showed on Monday.
PMI edges up to 54.9 in August as production, new orders soar
Greece’s manufacturing PMI rose to 54.9 points in August from 54.6 points in July, according to the latest data from Markit PMI.