Economy
Building permits increase by 10.2 pct in March
Building permits rose by 10.2 percent year-on-year (YoY) in March compared to a rise of 64.3 percent in February, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Employment balance positive by 32,975 in May, aggregate figure shows 259,233 fewer jobs
The employment balance was positive with 32,975 more hirings than firings in May, data from the Labour Ministry’s Ergani information system showed.
ESM report highlights programme weaknesses, outlines improvements for future bailouts
The European Stability Mechanism published on Thursday, along with its 2019 annual report, an independent evaluation of the Greek bailout programmes.
Exceptional conditions behind reduced unemployment rate of 14.4 pct in March
Greece’s seasonally adjusted (SA) unemployment rate came to 14.4 percent in March from a downward revised reading of 15.9 percent in February, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
The latest OECD economic outlook for June 2020 takes stock of Greece’s position in light of the coronavirus pandemic and presents a number of scenarios.
Car sales drop by 49.1 pct in May and 34.9 pct in first 5 months
Road motor vehicles going into circulation for the first time fell by 49.1 percent in May, softening compared to a sharper drop of 80.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
CPI falls by 1.1 pct YoY in May
Greece’s Consumer Price Index (CPI) fell by 1.1 percent year-on-year (YoY) in May compared to a decline of 1.4 percent seen in April, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Greece issues new 10 yr bond as investor appetite returns
Greece completed its third market foray for the year by issuing a 10-year bond of 3 billion euros. The coupon was 1.5 pct and the yield settled at 1.57 pct, suggesting a re-offer price of 99.375. The spread was close to 188 basis points.
Turnover in tourism drops by 6.5 pct in Q1, reflecting hotel closure impact
The turnover index in accommodation and food services fell by 6.5 percent year-on-year (YoY) in the first quarter (Q1), slowing from an increase of 4.8 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Covid-19 lockdown, slump suppress electricity demand and edge out lignite
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Electricity consumption in Greece plummeted by -9.8 percent in April compared to the same month last year due to the emergency pandemic measures and economic slowdown.