Economy
PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
Following the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth of 2.7 pct, to the positive range of growth of 3.6 to 4.8 pct in 2021.
Loans under credit servicing firms increase 7.2 pct QoQ to 42.8 bln
The Bank of Greece’s (BoG) released statistics for the first quarter (Q1) of 2021 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Wages index up by 5.8 pct YoY in Q1 2021, rises by 1 pct QoQ
Greece’s seasonally adjusted (SA) Wages Index increased 5.8 percent year-on-year (YoY) in the first quarter (Q1) of 2021, following a rise of 4.5 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday.
Piraeus and Alpha forge ahead with share capital raises and securitisations
Activity in Greece’s banking sector continues unabated as Greek systemic lenders proceed with their plans to improve their balance sheets and leave behind the legacy of the decade-long debt crisis.
Budget primary shows deficit of 8.17 bln in May, falling below target
The budget primary balance recorded a deficit of 8.17 billion euros in the first five months of 2021, compared with a deficit of 4.84 billion in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for May showed on Tuesday.
Car sales increase by 57.2 percent in May
Road motor vehicles going into circulation for the first time rose by 54.1 percent in May compared to a jump of 361 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Building permits jump by 42.9 pct in March, from year-earlier start to lockdown
Building permits increased by 42.9 percent year-on-year (YoY) in March after a decrease of 3.2 percent seen in February, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Unemployment edges down to 16.3 pct in March as inactives approach 3.5 mln
Greece’s seasonally adjusted (SA) unemployment rate dropped to 16.3 percent in March from a revised 16.6 percent in February, according to Hellenic Statistical Authority’s (ELSTAT) data released on Friday.
Industrial production up by 22.5 percent in April after last year's lockdown
Greece’s Industrial Production Index (IPI) rose by 22.5 percent year-on-year (YoY) in April following a revised increase of 5.7 percent in March, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
CPI rise by 0.1 pct YoY in May, turning positive on energy base effects
Greece’s Consumer Price Index (CPI) rose by 0.1 percent year-on-year (YoY) in May compared to a decline of 0.3 percent seen in April, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.