Economy
Industrial production drops by 7.5 percent in May
Greece’s Industrial Production Index (IPI) decreased by 7.5 percent year-on-year (YoY) in May following a slightly downward revised increase of 10.2 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
CPI falls by 1.6 pct YoY in June
Greece’s Consumer Price Index (CPI) fell by 1.6 percent year-on-year (YoY) in June compared to a decline of 1.1 percent seen in May, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Car sales drop by 24.7 pct in June and 33.1 pct in first 6 months
Road motor vehicles going into circulation for the first time fell by 24.7 percent in June, softening compared to a sharper drop of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Unemployment edges upward to 15.5 pct in April
Greece’s seasonally adjusted (SA) unemployment rate came to 15.5 percent in April from a slightly upward revised figure of 14.5 percent in March, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
OECD forecasts unemployment increase into 2021
The OECD has released its employment outlook for 2020 in the context of the coronavirus crisis, highlighting the impact that the pandemic will have on the global job market.
EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
The European Commission slightly revised its forecasts for Greece in the interim Summer forecast released on Tuesday, compared to the Spring forecasts that were released at the beginning of May.
Trade deficit falls by 47.7 pct in May
Greece’s trade deficit fell by 47.7 percent year-on-year (YoY) in May compared to a drop of 30.3 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed.
Employment balance positive by 37,568 in June, reflecting uptick in seasonal hires
The employment balance was positive with 37,568 more hirings than firings in June, data from the Labour Ministry’s Ergani information system showed.
Overdue social security contributions rise to 36.32 bln in Q1
The stock of unpaid social security contributions (SSCs) increased to 36.32 billion in the first quarter (Q1) of 2020 by 932 million compared to the figure of 35.38 billion euros registered in the fourth quarter (Q4) of 2019, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
Greece’s general government (gg) primary cash deficit came to 4.84 billion euros in the first five months of the year compared to a surplus of 1.69 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.