Economy
Finance Ministry costs new support package, but questions remain over electricity subsidies
Finance Ministry officials held a press conference on Monday to provide additional details about the support package that Prime Minister Kyriakos Mitsotakis announced on Saturday at the Thessaloniki International Fair.
Passenger cars lead the way as vehicle sales rise by 17.9 pct in Aug
The rise in road motor vehicles going into circulation for the first time picked up pace in August, rising by 19.1 percent year-on-year (YoY), from the 2.3 percent growth in July, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop
Greece’s Industrial Production Index (IPI) continued recording gains in July, rising by 7 percent year-on-year (YoY), after an upwards revised 8.9 percent in June, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Despite consecutive monthly drops, energy drives up Aug CPI by 11.4 pct
Greece’s Consumer Price Index (CPI) remained elevated in August, rising by 11.4 percent year-on-year, marginally slowing from the 11.6 percent in July, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
July trade deficit of 3 bln takes total to 20.67 bln, up by 65.6 pct YoY
The rise in Greece’s trade deficit slowed down in July, but still increased by a sizable 33.3 percent year-on-year, according to data released by ELSTAT on Wednesday.
Quarterly GDP growth slows to 1.2 pct in Q2 as investments shrink and imports rise
Greece’s seasonally adjusted (SA) GDP increased by 1.2 percent quarter-on-quarter (QoQ) in the second quarter (Q2), from an upwards revised 2.9 percent in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
Back-to-back contraction for PMI in Aug reflects tough conditions for manufacturing
Greece’s Manufacturing PMI dropped by just 0.3 points in August to 48.8 points, after a 2-point drop to 49.1 in July, according to S&P Global data released on Thursday.
Seasonality drives retail sales up by 12.1 pct in Jun, but cost-of-living crisis evident in volume data
The growth in Greece’s retail sales picked up pace again in June, rising by 12.1 percent year-on-year (YoY), from a downward revised 4.6 percent rise in May, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Despite another annual rise of 35.6 pct in Jul, producer prices fall for third straight month
The pace of Greece’s Producer Price Index (PPI) annual growth slowed down further, still with another solid rise of 35.6 percent year-on-year (YoY) in July, after the 39.9 percent in June, ELSTAT data said on Tuesday.
Subdued start for building activity as permits record back-to-back drop in May
The decline in building permits slowed in May, falling by just 0.4 percent year-on-year (YoY), after a 10 percent decline in April, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday.