Economy
PMI unchanged in Feb, shows signals of weakening domestic demand
Greece’s Manufacturing PMI was virtually unchanged in February, falling marginally to 52.6 points, from 52.8 points in January, according to S&P Global data released on Tuesday.
Eurobank reports 1.45 bln profit in 2024, commission income up by 22.4 pct
Eurobank posted a net profit of 1.45 billion euros in 2024, compared to 1.14 billion euros in 2023, up 27.1 percent.
Producer prices record first rise since Jul with 0.3 pct YoY increase in Jan
Greece’s Producer Price Index (PPI) started the year in marginal growth, with a rise of 0.3 percent year-on-year (YoY), after a decline of 0.8 percent in December, ELSTAT data showed on Friday.
Retail sales suffer sharp YoY drop of 5.1 pct in Dec
Greece’s retail sales concluded 2024 in deep contraction with a drop of 5.1 percent year-on-year (YoY) in December, after a rise of 1.9 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Credit expansion picks up pace in Jan with 10 pct YoY rise
The credit expansion in the Greek private sector remained strong in January, rising by 10 percent year-on-year (YoY), from 8.9 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Private sector deposits fall back below 200-bln-mark in Jan, led by coprorations
The private sector deposits in the Greek banking system started the new year with a sharp decline in January, with a net decrease of 4.79 billion euros, after a 5.59-billion-euro rise in December, according to the latest Bank of Greece (BoG) figures released on Thursday.
Industry, services and construction lead fall in Feb economic sentiment to 106.9
Greece’s economic sentiment (ESI) declined in February to 106.9 points, from 108.6 in the previous month, according to European Commission figures released on Thursday.
Building activity rises by 6.4 pct YoY in Nov, up 14.9 pct in 11M
Building activity remained in growth in November, with an increase of 6.4 percent year-on-year (YoY), after a rise of 5.9 percent in October, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday.
Jan primary surplus at 1.98 bln thanks to strong tax revenues and underspend
The budget primary balance was confirmed at a surplus of 1.98 billion euros in January, compared to a surplus of 2.28 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Piraeus reports 1.24 bln euros profit for 2024, commissions income at 636 mln
Piraeus Bank posted a net profit after tax of 1.24 billion euros in 2024, from 1.05 billion euros in 2023.