Greece’s Consumer Price Index (CPI) rose sharply in November, climbing by 4.8 percent year-on-year (YoY), from 3.4 percent in October, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Greece’s trade deficit jumped by 52.8 percent year-on-year (YoY) in October, from an increase of 27.8 percent in September and 43.3 percent in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday.
This week started with two developments that intend to further smooth out Greece’s debt obligations in the coming years.
Greece’s seasonally adjusted (SA) GDP increased by 2.7 pct quarter-on-quarter in the third quarter of the year (Q3), from a downwards revised 2.1 pct in the second quarter (Q2) provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.
The progress made by Greece’s banks to clean up their balance sheets was reflected in the latest financial stability report published by the Bank of Greece (BoG) on Thursday.
The OECD is the latest international organization to affirm the view that Greece is experiencing a strong economic recovery this year and will see continued expansion into 2022, assisted by the RRF.
Alpha Bank reported a net loss of 2.5 billion euros in the first nine months of the year (9M), compared to profits of 134 million euros in 9M 2020, due to booking losses from its Galaxy NPE portfolio securitisation.
Greece’s manufacturing PMI stayed broadly stable in November, edging down to 58.8, from 58.9 points in October, Markit data released on Wednesday showed.
Greece’s retail sales picked up pace again in September, rising by 13 percent year-on-year (YoY) from a downward revised increase of 7.5 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Greece’s employment balance in October turned negative with 70,048 more departures than hirings, from a positive balance by 19,727 in September, according to data from the Labour Ministry’s Ergani information system.