Economy
BoG sees sustained growth and progress, but challenges require policy drive
The Bank of Greece published on Friday the latest interim monetary policy report where, as is common practice, the central bank notes the positive developments in the Greek economy while it highlights specific areas where policy will need to address weaknesses to Greece’s economic outlook.
Industrial turnover resumes growth in Oct with 0.9 pct YoY, manufacturing leads way
Greece’s industrial turnover went back to growth in October, rising by 0.9 percent year-on-year (YoY), from a 6.9 percent decrease in September, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account deficit at 8 bln after 10M as goods deficit widens
Greece’s current account remained in deficit in October, widening to 383.2 million, from 316.5 million euros in September, Bank of Greece (BoG) data showed on Friday.
Budget exudes fiscal stability, but hints at political complications
Last week’s five-day debate on the 2025 budget concluded on Sunday without any complications for the government, and the economic plan is certainly in line with the Greek authorities’ narrative that stabilising the economy is one of the current administration’s strongest achievements.
Budget rolls on with solid primary surplus of 12 bln in Nov
The budget primary balance recorded a surplus of 12.01 billion euros up to November, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Drop in energy prices bring import index down by 5.5 pct YoY in Oct
Greece’s import price index remained in contraction in October, dropping by 5.5 percent year-on-year (YoY), after a 10.6 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Wage index drops by 1.7 pct YoY in Q3 for first decline in two years
Greece’s seasonally adjusted (SA) Wages Index went in contraction in Q3, dropping by 1.7 percent year-on-year (YoY), from 7.3 percent growth in the second quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Car sales record moderate 1.8 pct YoY rise in Nov, up 2.9 pct this year
Road motor vehicles going into circulation for the first time rose by 1 percent year-on-year (YoY) in November, after an increase of 2.1 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Industrial production records second drop of year with 2.9 pct YoY decline in Oct
Greece’s Industrial Production Index (IPI) went into contraction in October with a 2.9 percent year-on-year (YoY) drop, after a 2.6 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
CPI stable at 2.4 pct in Nov, food inflation lowest since 2021
The growth in Greece’s Consumer Price Index (CPI) was stable in November with a rise of 2.4 percent year-on-year (YoY), the same as in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).