Economy
Industrial turnover posts 53.1 pct YoY growth in May, biggest rise during pandemic recovery
Greece’s industrial turnover growth produced another impressive reading in May, jumping by 53.1 percent year-on-year (YoY), after a rise of 33.4 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Hiring balance slows in June as job market returns to normal levels
Greece’s employment balance slowed down in June with 19,113 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul
The budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Energy products drive import price to second highest ever growth of 37.3 pct in May
Greece’s import price index grew at a solid pace in May, posting another rise of 37.7 percent year-on-year (YoY), after a 39.1 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Vehicle sales drop again YoY in June as only used passenger cars sales grow
Road motor vehicles going into circulation for the first time saw growth slow to 2 percent year-on-year, after an increase of 21.3 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Reopening of 10-year bond issued in Jan sees yield double to 3.67 pct
Greece’s debt managers continue to take cautious steps in the sovereign bond market after having to readjust their borrowing strategy following the uncertainty caused by the Ukraine conflict and the turbulence in the markets, which pushed the 10-year benchmark yield to 4.8 pct at the end of last month.
Fitch leaves rating and outlook unchanged, underlines fiscal performance key to higher grade
Fitch affirmed on Friday Greece’s ‘BB’ credit rating and kept the outlook positive, remaining one notch behind S&P and two notches from investment grade.
Trade deficit jumps by 84.7 pct in May, reaching 14.7 bln for 2022
The rise in Greece’s trade deficit accelerated in May, jumping by 84.7 percent year-on-year (YoY), following a rise of 49.5 percent in April, according to data released by ELSTAT on Friday.
Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
Greece’s Industrial Production Index (IPI) resumed its recovery in May, rising by 3.2 percent year-on-year (YoY), after a temporary pause in April when it dropped by 4.8 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
CPI shoots up by 12.1 pct in Jun as electricity and natural gas stoke biggest rise since early 90s
Greece’s Consumer Price Index (CPI) continued its record-breaking streak in June, rising by 12.1 percent year-on-year (YoY), after increasing by 11.3 percent in May, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).