Economy
Unemployment falls to 17.6 pct in April, dipping under 18 pct for first time since Jul 2011
Greece’s seasonally adjusted (SA) unemployment rate dropped under 18 percent and came to 17.6 percent in April from an upward revised rate of 18.2 percent in March, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
June employment balance positive by 31,407
The employment balance was positive in June with 31,407 more hirings than departures, data from the Labour Ministry’s Ergani information system showed.
Industrial production falls by 1.2 pct in May
Greece’s Industrial Production Index (IPI) dropped year-on-year (YoY) by 1.2 percent in May compared to a revised increase of 1.7 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
CPI falls by 0.3 pct in June after 13 months of rises
Greece’s Consumer Price Index (CPI) dropped by 0.3 percent in June following a small rise of 0.2 percent in May, figures from the Hellenic Statistical Authority (ELSTAT) showed on Wednesday.
Car sales rise by 4.9 pct in June and 8.8 pct in aggregate period
Road motor vehicles going into circulation for the first time rose by 4.9 percent in June compared to a rise of 15.2 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Eurogroup emphasises limited room for discussion on fiscal targets
The first Eurogroup meeting after the election of a new government in Greece left New Democracy in no doubt that it faces a real challenge in trying to convince the institutions that the primary surplus for the coming years should be lowered.
Trade deficit jumps by 56 pct in May
Greece’s trade deficit rose significantly by 56 percent (YoY) in May compared to a fall of 5.2 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed.
EFKA fund data shows 30 pct in part-time jobs earning less than 400 euros on average
The Unified Social Security Fund’s (EFKA) latest employment data as of December 2018 has shown that around one in three employees earn a gross monthly wage of a little over 390 euros.
Tracing the decline of the middle class as parties vie for its votes
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Since key constituencies, including private and public sector workers and the young, abandoned governing SYRIZA to hand New Democracy a comfortable 9.5 percent lead in the May 26 European Parliament elections, the parties have been vying for the middle-class vote.
Deposits rise by 561.6 mln in May, positive for third month
Net deposit movement in the Greek banking system stayed positive by 561.6 million euros in May, following positive inflows of 1.54 billion euros in April, Bank of Greece (BoG) figures revealed on Monday.