Economy
Growth in vehicle registrations slows in May, up 7.7 pct in first five months
Road motor vehicles going into circulation for the first time dropped by 0.8 percent year-on-year (YoY) in May, after a strong 36.3 percent jump in April, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Industrial production jumps by 10.8 pct in Apr due to electricity and manufacturing
Greece’s Industrial Production Index (IPI) turned positive in April with a significant rise of 10.8 percent year-on-year (YoY), after a contraction of 0.6 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
CPI slows to 2.4 pct in May as food price increases ease
The growth in Greece’s Consumer Price Index (CPI) slowed down in May with a rise of 2.4 percent year-on-year (YoY), after an increase of 3.1 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
Imports soar in April, pushing trade deficit up by 35.6 pct
Greece’s trade deficit recorded a jump of 35.6 percent year-on-year (YoY) in April, after a drop of 7 percent in March, according to data released by ELSTAT on Friday.
Q1 GDP growth accelerates to 0.7 pct QoQ
Greece’s seasonally adjusted (SA) GDP accelerated its gains in Q1, rising by 0.7 percent quarter-on-quarter (QoQ), from a 0.3 percent rise in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
Q1 unemployment rises to 12.1 pct due to seasonal causes
Greece’s non-seasonally adjusted quarterly unemployment rate moved up significantly in Q1 this year, rising to 12.1 percent, from 10.5 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Lack of savings points to wider economic issues
The data emerging from economic research on the Greek economy continues to highlight various challenges and to raise questions about whether, after half a decade in office, the Greek government has had much impact on changing the structural characteristics of the country’s economic model.
May PMI still in expansion as firms report supply chain and cost issues
Greece’s Manufacturing PMI remained in expansion in May, though it slightly moderated to 54.9 points from 55.2 points in April, according to S&P Global data released on Monday.
Fitch leaves rating unchanged at 'BBB-', outlook stable
Fitch on Friday reaffirmed Greece’s credit rating to ‘BBB-‘ with stable outlook. It is another indication that the country’s rating has entered a steady environment after the several upgrades over the last couple of years that brought it to investment grade.
Fuel and food trigger retail sales jump of 10.9 pct in Mar
Greece’s retail sales rebounded strongly in March, with a jump of 10.9 percent year-on-year (YoY), after a downward revised decline of 3.5 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday.