Economy
Retail sales growth accelerates to 5.2 pct YoY in Feb
Greece’s retail sales picked up pace with growth of 5.2 percent year-on-year (YoY) in February, after a rise of 3.1 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Unemployment rate edges up marginally to 9 pct in Mar
Greece’s seasonally adjusted (SA) unemployment rate edged up slightly to 9 percent in March, from 8.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Corporations lead deposit growth in Mar as total nears 200 bln
The contraction in the Greek banking system’s private sector deposits reversed in March, with a net increase of 2.41 billion euros, after a 1.7-billion-euro decline in February, according to the latest Bank of Greece (BoG) figures released on Tuesday.
Credit growth stays strong at 10.3 pct YoY in Mar due to corporate lending
The credit expansion in the Greek private sector remained strong in March, rising by 10.3 percent year-on-year (YoY), from 10.5 percent in the previous month, Bank of Greece (BoG) figures released on Tuesday showed.
Economic sentiment stable in April, consumer confidence drops by another 3 pts
Greece’s economic sentiment (ESI) was broadly stable in April at 107.4 points, from 107.7 in the previous month, according to European Commission figures released on Tuesday.
Primary surplus reaches 4.5 bln in March due to property tax collection, significant underspend
The budget primary balance was confirmed at a surplus of 4.5 billion euros by March, compared to a surplus of 2.99 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Building activity starts 2025 with sharp YoY drop of 17 pct in permits
Building activity started 2025 with a sharp decrease of 17 percent year-on-year (YoY) in January, after a rise of 15.6 percent in December, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
IMF leaves growth and fiscal estimates for Greece unchanged in latest outlook
The IMF released this week the latest macro and fiscal outlook in the context of the spring meetings. Its observations on Greece were in line with those in the recent Article IV consultations.
Strong set of 2024 fiscal data provides space for voter-friendly handout package
ELSTAT published on Tuesday the latest fiscal data for the 2021 to 2024 period, recording a significant primary surplus that was accompanied by an announcement from PM Kyriakos Mitsotakis of a surprise handout package worth 1.1 billion euros in support and public investments.
Industrial turnover declines marginally in Feb, led by mining and local market
Greece’s industrial turnover contracted in February, with a marginal drop of 0.3 percent year-on-year (YoY), from a 2.6 percent increase in January, according to data released by the Hellenic Statistical Authority (ELSTAT).