Economy
Unemployment rate drops to 10.8 pct in May, youth figures improve to 24 pct
Greece’s seasonally adjusted (SA) unemployment rate dropped in May, landing at 10.8 percent, from an upwards revised 11.3 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment approaches pre-Ukraine war high, consumer confidence highest since 2021
Greece’s economic sentiment (ESI) recorded a solid rise of almost 2 points in June, after a minor 0.6-point drop in May, according to European Commission figures released on Thursday.
Credit growth slows to 3.1 pct in May, as flow to corporations contracts
The pace of credit movement in the Greek private sector continued to slow in May, rising by 3.1 percent year-on-year (YoY), from 3.9 percent in April, Bank of Greece (BoG) figures released on Wednesday showed.
Deposits rise by 794 mln in May, balance at 186.42 bln
The net private sector deposit movement in the Greek banking system was positive by 794 million euros in May, after a small drop of 15 million euros in April, based on the latest Bank of Greece (BoG) figures released on Wednesday.
Building activity jumps by 34.2 pct in Mar, Q1 permits up 13.6 pct
Building permits recorded a solid rebound in March, rising by 34.2 percent year-on-year (YoY), following a contraction of 15.2 percent in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday.
VAT, income taxes help push May budget primary balance above target by more than 3 bln
The budget primary balance in May was confirmed to be a surplus of 2.3 billion euros, compared to a deficit of 1.49 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Bond re-opening with 4 pct yield completes debt strategy for year
The PDMA took another cautious step on Wednesday by completing the debt strategy for the year with a small re-opening of the issuance that matures in January 2042, also rounding up the re-opening schedule for the second quarter.
Travel balance up 16 pct YoY in Apr, at 1.49 bln in first four months
Greece’s travel balance recorded a surplus of 498.2 million euros in April, from 100.2 million euros in March, according to Bank of Greece (BoG) data released on Wednesday.
Industrial turnover falls by 7.4 pct YoY in April for first drop since early 2021
Greece’s industrial turnover turned negative in April for the first time since early 2021, contracting by 7.4 percent year-on-year (YoY), from upwards revised growth of 3.3 percent in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Current account deficit narrows to 5.63 bln up to April, down 3 bln YoY
Greece’s current deficit in April narrowed to 1.78 billion euros, from 2.4 billion euros in March, Bank of Greece (BoG) data showed on Tuesday.