Economy
Across-the-board price hikes bring CPI rise of 10.2 pct in April
Greece’s Consumer Price Index (CPI) continued its record-breaking rise in April, increasing by 10.2 percent year-on-year (YoY), after rising by 8.9 percent in March, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
Growth of trade deficit slows in Mar, Q1 rise reaches 79 pct
The rise in Greece’s trade deficit slowed in March, when it increased by 13.4 percent year-on-year (YoY), after surging by more than 170 pct in February, according to data released by ELSTAT on Friday.
Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
The Greek authorities submitted to Brussels last week the Stability Programme for the 2022-2025 period, in which the impact of the cost-of-living crisis and the fallout from the conflict in Ukraine are reflected.
Marginal growth for PMI in April as headwinds intensify
Greece’s Manufacturing PMI rose marginally to 54.8 points in April, from 54.6 points in March, according to S&P Global data released on Tuesday.
Economic sentiment drops sharply in Apr, consumer confidence hits lowest since 2017
Greece’s economic sentiment (ESI) dropped sharply by 7.1 points to 105 points in April, following a 1.9-point decline in March, according to European Commission figures released on Monday.
Credit growth edges up to 1.6 pct in Mar, led by rise in business loans
Credit movement in the Greek private sector accelerated slightly to 1.6 percent year-on-year (YoY) in March, from 1.4 per percent in February, 0.9 percent in January, Bank of Greece (BoG) figures released on Friday showed.
Deposits drop for third straight month as corporates lead fall of 988 mln
The net private sector deposit movement in the Greek banking system in March stayed negative, falling by a further 988 million euros, from 260 million in February, and 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Friday.
Spike in producer prices continues with 46.2 pct energy-led rise in March
Greece’s Producer Price Index (PPI) continued its explosive rise in March, when it jumped by 46.2 percent year-on-year (YoY), after a 33.6 percent increase in February, ELSTAT data said on Friday.
Retail sales remain on upward path, rising by 16.8 pct YoY in Feb
Greece’s retail sales increased by 16.8 percent year-on-year (YoY) in February, from a slightly downwards revised 13.5 percent rise in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Growth in building permits slows to 4.3 pct YoY in Jan
The new year started with a slowdown in the growth of building permits in Greece, with total permits rising by 4.3 percent year-on-year (YoY) in January, after closing 2021 with a rise of 18.3 percent in December, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday.