Economy
Economic sentiment drops by 3.7 pts in June as all components deteriorate
Greece’s economic sentiment (ESI) declined by 3.7 points in June, dropping to 104.3 points, following a recovery of 2.9 points in May, according to European Commission figures released on Wednesday.
Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
The budget primary balance for the first five months of 2022 came to a deficit of 1.49 billion euros, compared to a deficit of 8.14 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.
PBO urges continued fiscal discipline amid growing instability
In its latest report covering the first quarter of 2022, the Parliamentary Budget Office (PBO) sees mixed signals for the Greek economy and expects international factors to play a key role in developments in the near term.
Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
Greece’s employment balance continued its recovery in May with 99,956 more hires then departures, according to data from the Labour Ministry’s Ergani information system released on Tuesday.
As restrictions drop away, Apr travel balance beats even pre-Covid levels
Greece’s travel balance recorded a surplus of 432.1 million euros in April, from 77 million euros in March, according to Bank of Greece (BoG) data released on Tuesday.
May cash deficit improves markedly YoY as revenues rise by 3.5 bln
Greece’s central government recorded a primary cash deficit of 842 million euros in May, from a deficit of 2.09 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Friday.
Industrial turnover grows 33.3 pct YoY in Apr, but manufacturing leads monthly drop
Greece’s industrial turnover growth remained solid in April, rising by 33.3 percent year-on-year (YoY), from 38.4 percent in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Travel balance back to normal, but Apr C/A deficit of 1.62 bln impacted by goods deficit
Greece posted a current account (C/A) deficit of 1.62 billion euros in April, from a 2.33-billion-euro deficit in March, Bank of Greece (BoG) data showed on Monday.
Wages index down by 1.9 pct in Q1, records back-to-back annual drops
Greece’s seasonally adjusted (SA) Wages Index stayed in negative territory in the first quarter of 2022, dropping by 1.9 percent year-on-year (YoY), after a revised drop of 1.5 percent in the last quarter of 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Quarterly unemployment rises to 13.8 pct in Q1, reflecting off season for tourism
Greece’s non-seasonally adjusted quarterly unemployment rate maintained an upward trajectory in the first quarter of the year, rising to 13.8 percent, from 13.2 percent in Q4 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.