Economy
Sept economic sentiment drops to early 2021 levels, consumer confidence down by 6.7 pts
Greece’s economic sentiment (ESI) reversed the latest rises and dropped below 100 points, to 98.3 in October, after a 3.7-point rise in September, according to European Commission figures released on Friday.
Growth in producer prices slows to 29.4 pct in Sep amid another monthly drop
The pace of Greece’s Producer Price Index (PPI) annual growth slowed down further in September, although it rose by 29.4 percent year-on-year (YoY) following a 39.5 percent increase in August, ELSTAT data said on Thursday.
Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
Building permits growth in July returned to negative territory, dropping by 2.3 percent year-on-year (YoY), after a 3 percent increase in June), according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday.
Lending to corporations in Sep thrusts credit expansion to highest rise since 2009
Credit movement in the Greek private sector gathered more pace in September, rising by 6 percent year-on-year (YoY), from 5.8 percent in August, and 5.5 percent year-on-year in July, Bank of Greece (BoG) figures released on Wednesday showed.
Deposits up to highest since 2011 after 2.27 bln rise in Sep
The net private sector deposit movement in the Greek banking system in September accelerated to 2.27 billion euros, after it had slowed down to just 89 million euros in August, and 483 million euros in July, based on Bank of Greece (BoG) figures released on Wednesday.
Disposable income rises by 1.7 pct in Q2, but saving rate of -14.2 pct lowest since 2014
Household disposable income increased by 1.7 percent year-on-year (YoY) in the second quarter (Q2) of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
The cautious steps, which the Public Debt Management Agency (PDMA) has been taking since the summer as it attempts to navigate through a higher rates environment that have pushed up the entire yield curve, continued on Tuesday via the re-opening of a 5-year issuance.
Final budget execution data for Sep highlights overperformance in most tax categories
The budget primary balance for the nine months of 2022 came to a small surplus of 52 million euros, compared to a deficit of 5.96 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Travel surplus at 11.46 bln for 8M, beating 2019 record
Greece’s travel balance recorded a surplus of 3.83 billion euros in August, from a 3.52-billion-euro surplus in July, according to Bank of Greece (BoG) data released on Monday.
S&P leaves Greece a notch away from investment grade as outlook blurs
The rating cycle for Greece for 2022 was completed on Friday, with the S&P leaving the rating unchanged at ‘BB+’ and the outlook stable.