Economy
CPI up by 1.4 pct in July as higher fuel prices and cost of electricity filter through
Greece’s Consumer Price Index (CPI) increased by 1.4 percent year-on-year (YoY) in July, accelerating from the 1 percent rise in June, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Monday.
Industrial production up 8.8 pct in June, continues annual recovery from 2020 lows
Greece’s Industrial Production Index (IPI) increased by 8.8 percent year-on-year (YoY) in June, from a 14.1 percent rise in May, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
NBG increases profits in H1 as it progresses with NPE clean up
National Bank of Greece (NBG) reported a profit after tax from continuing operations of 622 million euros in the first half (H1), compared with a profit of 465 million euros in the same period of 2020, a rise of 34 pct.
Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
Piraeus Bank posted a loss of 2.45 billion euros in the first half (H1) of 2021 due to impairments related to Covid and the NPE clean-up from loan securitisations.
PMI grows in July, but supply chain issues and price pressure come to fore
Greece’s manufacturing PMI stood at 57.4 points in July, from 58.6 points in June, signalling the ongoing improvement in market conditions in Greece, Markit data showed on Monday
ECB clears banks after stress tests, approves change to DTCs as momentum builds
The forward momentum in the Greek banking sector gathered pace on Friday when the results of the 2021 stress tests were announced.
Retail index rises another 15 pct in May from 2020 lows
Greece’s retail sales index continued its impressive rise with a 15 percent year-on-year (YoY) rise in May, from a slightly revised jump of 38.8 percent in April, according to Hellenic Statistical Authority data released on Friday.
Economic sentiment rises above 111 pts in July but consumer confidence drops further
Greece’s economic sentiment (ESI) resumed its recovery path in July, rising to 111.2 points, from 108.7 in June, according to European Commission figures released on Thursday.
Led by corporate lending, credit continues to grow with 2.3 pct rise in June
Credit movement in the Greek private sector increased by an annual 2.3 percent in June, from a 2.2 percent rise in May, Bank of Greece (BoG) figures showed on Tuesday.
Deposits jump by 1.62 bln in June, led by savings
The private sector’s net deposit movement in Greece’s banks accelerated in June, increasing by 1.62 billion euros, from 359 million euros in May, Bank of Greece (BoG) figures released on Tuesday showed.