Economy
OECD sees recovery slowing, urges fiscal discipline
OECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.
Industrial production drops by 0.9 pct YoY in Nov for third straight decline
Greece’s Industrial Production Index (IPI) stayed in negative territory in November, falling by 0.9 percent year-on-year (YoY), after a decline of 2.7 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Unemployment unchanged at 11.4 pct in Nov
Greece’s seasonally adjusted (SA) unemployment rate remained broadly stable in November, dropping to 11.4 percent, from a slightly downward revised 11.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Nov trade deficit at 3.75 bln, as 11-month deficit rises by 58.6 pct to 35.15 bln
Greece’s trade deficit climbed by 27.7 percent year-on-year (YoY) in November, from a jump of 70.5 percent in October, according to data released by ELSTAT on Monday.
Back-to-back gains for economic sentiment, ending 2022 with 104.3 pts
Greece’s economic sentiment (ESI) showed further signs of recovery in December, rising by nearly 3 points to 104.3, staying above 100-points, after a 6.6-point drop in October, according to European Commission figures released on Friday.
Manufacturing reaches half a year of contraction as PMI drops further in Dec
Greece’s Manufacturing PMI dropped further in December to 47.2 points, from 48.4 points in November, according to S&P Global data released on Monday.
Producer prices rise by 26.2 pct in Nov, up by almost 50 pct since 2021
There was another drop in the pace of Greece’s Producer Price Index (PPI) in November, rising by 26.2 percent year-on-year (YoY), after a 35.4 percent increase in October, ELSTAT data showed on Friday.
Retail sales grow annually in Oct as volumes, monthly movements reflect cost of living impact
The growth in Greece’s retail sales saw a further drop in pace in October, rising by 8 percent year-on-year (YoY), from a 10.2 percent growth in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Nov sees 5 pct rise in loans, led by corporations and consumer credit
Credit movement in the Greek private sector slightly slowed in November, rising by 5 percent year-on-year (YoY), from 5.3 percent in October, and 6 percent in September, Bank of Greece (BoG) figures released on Thursday showed.
Deposit flow records back-to-back drop of 591 mln in Nov amid grip of cost-of-living crisis
The net private sector deposit movement in the Greek banking system in November stayed negative with a drop of 591 million euros, after another drop of 550 million euros in October, based on Bank of Greece (BoG) figures released on Thursday.