Economy
Current account deficit continues to grow, reaching 6.84 bln up to Apr
Greece’s current account recorded a deficit of 2.69 billion euros in April, unchanged from the deficit in March, Bank of Greece (BoG) data showed on Thursday.
Strong tax performance and underspend push primary surplus up to 3.15 bln in May
The budget primary balance recorded a surplus of 3.15 billion euros in May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Greece sticks to debt repayment strategy amid uncertainty caused by EU elections
Following a disappointing result in the European Parliament elections on June 9, Prime Minister Kyriakos Mitsotakis appeared on Bloomberg last Wednesday to reassure markets that his government is stable and determined to follow its reform agenda.
Energy forces import prices upwards again with 2 pct increase YoY in Apr
Greece’s import price index stayed on positive ground in April, rising by 2 percent year-on-year (YoY), after a 1.3 percent increase in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Wages index continues growth in Q1 with 6.8 pct YoY rise
Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q1, rising by 6.8 percent year-on-year (YoY), from 6.3 percent growth in the last quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Growth in vehicle registrations slows in May, up 7.7 pct in first five months
Road motor vehicles going into circulation for the first time dropped by 0.8 percent year-on-year (YoY) in May, after a strong 36.3 percent jump in April, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Industrial production jumps by 10.8 pct in Apr due to electricity and manufacturing
Greece’s Industrial Production Index (IPI) turned positive in April with a significant rise of 10.8 percent year-on-year (YoY), after a contraction of 0.6 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
CPI slows to 2.4 pct in May as food price increases ease
The growth in Greece’s Consumer Price Index (CPI) slowed down in May with a rise of 2.4 percent year-on-year (YoY), after an increase of 3.1 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
Imports soar in April, pushing trade deficit up by 35.6 pct
Greece’s trade deficit recorded a jump of 35.6 percent year-on-year (YoY) in April, after a drop of 7 percent in March, according to data released by ELSTAT on Friday.
Q1 GDP growth accelerates to 0.7 pct QoQ
Greece’s seasonally adjusted (SA) GDP accelerated its gains in Q1, rising by 0.7 percent quarter-on-quarter (QoQ), from a 0.3 percent rise in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.