Economy
Energy drives producer prices down by 1.1 pct YoY Sep as all other components rise
Greece’s Producer Price Index (PPI) remained in contraction in September, with a drop of 1.1 percent year-on-year (YoY), after a decrease of 1.1 percent in August, ELSTAT data showed on Thursday.
Economic sentiment picks up in Oct, consumer confidence sliding again
Greece’s economic sentiment (ESI) improved in October, with the index at 107.5 points, from 106.2 in the previous month, according to European Commission figures released on Thursday.
Unemployment unchanged at 8.2 pct in Sep
Greece’s seasonally adjusted (SA) unemployment rate was unchanged at 8.2 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Low-productivity economy a legacy of adjustment without transformation
A study by the Hellenic Observatory at the LSE paints a grim picture regarding the outcomes of Greece’s adjustment programmes that intended, in theory, to lead to an economic transformation that would shift the paradigm of economic growth.
Business loans drive credit growth of 10.7 pct in Sep
The credit expansion in the Greek private sector remained strong in September, rising by 10.7 percent year-on-year (YoY), virtually unchanged from the previous month, Bank of Greece (BoG) figures released on Monday showed.
Corporate deposits propel savings increase to 208 bln in Sep
The Greek banking system’s private sector deposits rose strongly in September, with a net increase of 2.65 billion euros, after a rise of 2.05 billion euros in August, according to the latest Bank of Greece (BoG) figures released on Monday.
Despite recovery in previous three months, building permits down 9.9 pct YoY to July
Building activity growth was solid in July, with a rise of 12.2 percent year-on-year, after an increase of 6.1 percent YoY seen in June, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
Strong VAT, income tax revenue and restrained spending drive strong primary surplus in Sep
The budget primary balance was confirmed at a surplus of 9.45 billion euros up to September, compared to a surplus of 8.76 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
BoG cautiously optimistic on economy and banking sector
Greece’s economy and banking system are holding firm against global headwinds, according to the Bank of Greece (BoG)’s latest Financial Stability Review.
Travel receipts up by 10.5 pct YoY in Aug on back of 7.5 mln arrivals in
Greece's travel balance recorded a surplus of 4.15 billion euros in August, compared to 4.18 billion euros in July, according to data released by the Bank of Greece (BoG) on Wednesday.