Economy
Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus
The Greek authorities were handed a welcome boost on Friday as ELSTAT announced the latest fiscal data for 2022, in the context of the first Excessive Deficit Procedure (EDP) notification of 2023, where a small primary surplus was recorded.
S&P only ups outlook, waits for political clarity before rating move
S&P left Greece’s rating unchanged at “BB+’, while it upped its outlook to positive from stable, one notch below investment grade.
Industrial turnover growth slows to 6.7 pct in Feb
Greece’s industrial turnover remained in growth territory in February, growing by 6.7 percent year-on-year (YY), from a 17.7 percent rise in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Current account deficit narrows to 1.32 bln in Feb as oil impact wanes
Greece’s current balance in the second month of 2023 came to a deficit of 1.32 billion euros, from a narrow deficit of 125.2 million euros in January, Bank of Greece (BoG) data showed on Thursday.
Budget primary surplus at 3.07 bln in Mar on back of 2022 tax collections, underspend
The budget primary balance came to a surplus of 3.07 billion euros in March, compared to a deficit of 1.65 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.
Import prices turn negative in Feb for first time in two years
Greece’s import price index went in contraction in February, dropping by 5.6 percent year-on-year (YoY), after a rise of just 0.4 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
The IMF spring meetings produced some good news for Greece via the World Economic Outlook and Fiscal Monitor.
Car sales jump by 28.4 pct in Mar, rise by 21.5 pct in Q1
Road motor vehicles going into circulation for the first time grew strongly in March, rising by 31.3 percent year-on-year (YoY), after dropping by 8.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Industrial production growth accelerates to 5.2 pct in Feb, electricity supply contracts again
Greece’s Industrial Production Index (IPI) picked up strength in February, rising by 5.2 percent year-on-year (YoY), from just a marginally positive 0.8 percent in January, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Price rises moderate further in Mar on annual basis, but pick up MoM
The pace of the rise in Greece’s Consumer Price Index (CPI) dropped further in March, when it increased by 4.6 percent year-on-year (YoY), from a 6.1 percent upsurge in February, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).