Economy
Current account deficit narrows to 1.32 bln in Feb as oil impact wanes
Greece’s current balance in the second month of 2023 came to a deficit of 1.32 billion euros, from a narrow deficit of 125.2 million euros in January, Bank of Greece (BoG) data showed on Thursday.
Budget primary surplus at 3.07 bln in Mar on back of 2022 tax collections, underspend
The budget primary balance came to a surplus of 3.07 billion euros in March, compared to a deficit of 1.65 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.
Import prices turn negative in Feb for first time in two years
Greece’s import price index went in contraction in February, dropping by 5.6 percent year-on-year (YoY), after a rise of just 0.4 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
The IMF spring meetings produced some good news for Greece via the World Economic Outlook and Fiscal Monitor.
Car sales jump by 28.4 pct in Mar, rise by 21.5 pct in Q1
Road motor vehicles going into circulation for the first time grew strongly in March, rising by 31.3 percent year-on-year (YoY), after dropping by 8.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Industrial production growth accelerates to 5.2 pct in Feb, electricity supply contracts again
Greece’s Industrial Production Index (IPI) picked up strength in February, rising by 5.2 percent year-on-year (YoY), from just a marginally positive 0.8 percent in January, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Price rises moderate further in Mar on annual basis, but pick up MoM
The pace of the rise in Greece’s Consumer Price Index (CPI) dropped further in March, when it increased by 4.6 percent year-on-year (YoY), from a 6.1 percent upsurge in February, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
In the Bank of Greece governor’s annual report for 2022, Yannis Stournaras outlined the progress that the economy made in 2022, although the year was marked by increased global uncertainty and the challenges posed by the conflict in Ukraine and price pressures stemming mainly from the energy sector.
Trade deficit narrows by further 32.3 pct YoY in Feb
Greece’s trade deficit recorded back-to-back annual drops in February, falling by 32.3 percent, from 21.9 percent in January, according to data released by ELSTAT on Friday.
Manufacturing posts back to back growth in March as PMI rises to 52.8 pts
Greece’s Manufacturing PMI remained in expansion territory in March, rising to 52.8 points, from 51.7 points in February, according to S&P Global data released on Monday.