Economy
BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
In the Bank of Greece governor’s annual report for 2022, Yannis Stournaras outlined the progress that the economy made in 2022, although the year was marked by increased global uncertainty and the challenges posed by the conflict in Ukraine and price pressures stemming mainly from the energy sector.
Trade deficit narrows by further 32.3 pct YoY in Feb
Greece’s trade deficit recorded back-to-back annual drops in February, falling by 32.3 percent, from 21.9 percent in January, according to data released by ELSTAT on Friday.
Manufacturing posts back to back growth in March as PMI rises to 52.8 pts
Greece’s Manufacturing PMI remained in expansion territory in March, rising to 52.8 points, from 51.7 points in February, according to S&P Global data released on Monday.
Unemployment increases to 11.4 pct in Feb, inactive population rises
Greece’s seasonally adjusted (SA) unemployment rate moved up in February, rising to 11.4 percent, from a downward revised 10.3 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Retail turnover grows by 10.8 pct in Jan, volumes of food and fuel sales drop
The growth in Greece’s retail sales picked up pace in January, rising by 10.8 percent year-on-year, after an 8.8 percent increase in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Growth in producer prices slows further to 4.7 pct as food products jump by 12.6 pct
The pace of Greece’s Producer Price Index (PPI) slowed significantly in February, when it rose by 4.7 percent year-on-year (YoY) compared to 13.5 percent in January, ELSTAT data showed on Thursday.
Economic sentiment posts modest drop in Mar, consumer confidence recovers strongly
Greece’s economic sentiment (ESI) recorded a modest drop in March, falling by 0.8 points to 106.8, from a rise of 1.7 points in February, according to European Commission figures released on Thursday.
Annual debt strategy almost wrapped up with 5-year bond, at 3.92 pct yield
Greece’s debt managers managed to nearly complete the debt strategy for 2023 before the first quarter has been completed, with the issue of a 5-year bond yesterday that drew 2.5 billion euros with a yield of 3.92 pct.
Consumer scorecard finds Greeks struggling most in EU with cost of living crisis
The European Commission published on Tuesday the annual consumer conditions scorecard for 2023, a report that captures consumer habits based on surveys that took place in October and November 2022.
Building permits up 5 pct in 2022, moderating from 26.6 pct rise in previous year
Building permits closed last year on a growth trajectory thanks to a rise of 16.1 percent year-on-year (YoY), after an increase of 9 percent in November, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday.