Economy
Drop in industrial turnover accelerates to 7.9 pct YoY in Sep as manufacturing falls sharply
There was an acceleration in the decline of Greece’s industrial turnover in September, dropping by 7.9 percent year-on-year (YoY) from a 4 percent decrease in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Current account deficit at 7.67 bln for 9M as goods balance deteriorates
Greece’s current account was back in deficit in September, widening to 316.5 million, from a 651.3 million euros surplus in August, Bank of Greece (BoG) data showed on Wednesday.
Central govt debt at 404.29 bln thanks to drops in short-term notes and repos
Greece’s central government debt recorded a drop of roughly 3 billion euros to 404.29 billion euros in Q3 2024, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
OECD report underlines sobering reality of economic recovery
The latest hit to efforts to create a buzz around the Greek economy came this week from the OECD’s How’s Life 2024 report, with the challenges outlined in an op-ed by the country’s representative at the Paris-based think-tank a few days ago.
Privatisation proceeds, major underspend push Oct primary surplus to 8.82 bln above target
The budget primary balance recorded a surplus of 13.49 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.
EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly
The European Commission published on Friday the latest autumn forecasts that included minor adjustments for the Greek growth outlook from the previous estimate in May.
Drop of 24.1 pct YoY in energy prompts biggest import price decline in a year
Greece’s import price index remained in contraction in September, accelerating to 10.6 percent year-on-year (YoY), after a 4.3 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Vehicle sales down by 2.3 pct YoY in Oct due to sharp drop in new cars
Road motor vehicles going into circulation for the first time rose by 2.1 percent year-on-year (YoY) in October, after a rise of 4.4 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Role of inflation in US elections gives government food for thought
The PM’s office must have been following nervously the results in the US presidential elections and the qualitative findings from the exit polls as the economy dominated the factors that determined the vote of the American electorate.
Alpha NII at 1.22 bln in 9M, fees up by 11 pct YoY at 306 mln
Alpha Bank reported a net profit of 489 million euros in 9M 2024, compared to a profit of 498 million euros in the same period of 2023, a drop of 2 percent.