Economy
Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
The draft budget for 2025 was tabled in Parliament on Monday, with the main parameters in line with the medium-term fiscal-structural strategy (MTS) that was presented by the government last week.
Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
The latest divestment from the banking sector by the Greek state was completed on Thursday when the book closed for the placement of a 10 pct stake in National Bank of Greece (NBG).
Data underlines Greece still has big wage gap to bridge
The issue of Greeks’ wages and spending power has become a thorn in the government’s side - aside from some data and research that place Greece at the bottom of EU tables in terms of real wages and purchasing power parity, the current administration has repeatedly pledged a rise of the average wage in Greece to 1,500 by the end of the term, currently standing just above 1,200 euros.
Aug hiring balance improves annually, 8M up by 18,350 jobs
Greece’s employment balance improved year-on-year in August, with 5,081 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Unemployment edges down to 9.5 pct in Aug
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in August, dropping to 9.5 percent, from 9.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
PMI at 50.3 in Sept after falling for six straight months, posting weakest reading in a year
Greece’s Manufacturing PMI continued to moderate further in September, dropping to just a whisker above the growth threshold to 50.3 points, from 52.9 points in August, according to S&P Global data released on Tuesday.
New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
The Finance Ministry presented on Monday the latest Medium Term Fiscal Plan for the 2025-2028 after negotiations with Brussels within the context of the new SGP rules.
Energy pushes producer prices down by 2.4 pct YoY in Aug
Greece’s Producer Price Index (PPI) went back into contraction in August, dropping by 2.4 percent year-on-year (YoY), after a marginal rise of 0.1 percent in July, ELSTAT data showed on Monday.
Retail sales drop by 0.2 pct YoY in July as fuel leads slide
Greece’s retail sales saw a marginal drop of 0.2 percent year-on-year (YoY) in July, after an increase of 7.5 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Building activity remains in contraction for June with 1.7 pct YoY drop
Building activity remained in contraction in June, with a moderate drop of 1.7 percent year-on-year (YoY), after a sharp drop of 19.6 percent in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.