Economy
Drop in energy costs bring CPI down to 1.8 pct YoY in Sep
Greece’s Consumer Price Index (CPI) decelerated further in September with a rise of 1.8 percent year-on-year (YoY), from 2.9 percent in the previous month, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
Oil prices contribute to trade deficit falling by 18.8 pct YoY in Aug
Greece’s trade deficit fell sharply by 18.8 percent year-on-year (YoY) in August, after a rise of 4 percent in July, according to data released by ELSTAT on Wednesday.
Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
The Greek Finance Ministry tabled in Parliament on Monday the draft budget for 2026, which sees a stable growth trajectory and a strong budget performance led by tax revenues, notably indirect taxes.
Falling property FDI raises questions about housing market after Golden Visa rush
The latest data from the Bank of Greece (BoG) on non-residents investments in real estate underlined the effects that the Golden Visa scheme had on the Greek property market, largely contributing to the housing crisis which the government is now trying to tackle.
Unemployment rate broadly stable at 8.1 pct in Aug
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.1 percent in August, from an upwards revised 8.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
PMI drops to 52 pts in Sep as manufacturing sector continues to grow
Greece’s manufacturing PMI dropped significantly in September to 52 points, from 54.5 points in the previous month, S&P Global data showed on Wednesday.
Producer prices contract 1.7 pct YoY in Aug due to energy drop
Greece’s Producer Price Index (PPI) went further into contraction in August, with a drop of 1.7 percent year-on-year (YoY), after a decrease of 0.5 percent in July, ELSTAT data showed on Tuesday.
Retail sales up by 4 pct YoY in July as inflation drives volume rise of 2.1 pct
Greece’s retail sales accelerated growth with a 4 percent year-on-year (YoY) in July, after a 3 percent increase in June, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Economic sentiment drops sharply in Sep, consumer confidence at highest since June
Greece’s economic sentiment (ESI) dropped in September, with the index at 106.2 points, from 110 in the previous month, according to European Commission figures released on Monday.
Housing costs, food prices set limits to impact of tax cuts
The Greek government’s efforts to shift the narrative and change its political fortunes are crashing against the realities on the ground as reflected in the frequent data releases from Eurostat and ELSTAT.