Economy
Manufacturing posts back to back growth in March as PMI rises to 52.8 pts
Greece’s Manufacturing PMI remained in expansion territory in March, rising to 52.8 points, from 51.7 points in February, according to S&P Global data released on Monday.
Unemployment increases to 11.4 pct in Feb, inactive population rises
Greece’s seasonally adjusted (SA) unemployment rate moved up in February, rising to 11.4 percent, from a downward revised 10.3 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Retail turnover grows by 10.8 pct in Jan, volumes of food and fuel sales drop
The growth in Greece’s retail sales picked up pace in January, rising by 10.8 percent year-on-year, after an 8.8 percent increase in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Growth in producer prices slows further to 4.7 pct as food products jump by 12.6 pct
The pace of Greece’s Producer Price Index (PPI) slowed significantly in February, when it rose by 4.7 percent year-on-year (YoY) compared to 13.5 percent in January, ELSTAT data showed on Thursday.
Economic sentiment posts modest drop in Mar, consumer confidence recovers strongly
Greece’s economic sentiment (ESI) recorded a modest drop in March, falling by 0.8 points to 106.8, from a rise of 1.7 points in February, according to European Commission figures released on Thursday.
Annual debt strategy almost wrapped up with 5-year bond, at 3.92 pct yield
Greece’s debt managers managed to nearly complete the debt strategy for 2023 before the first quarter has been completed, with the issue of a 5-year bond yesterday that drew 2.5 billion euros with a yield of 3.92 pct.
Consumer scorecard finds Greeks struggling most in EU with cost of living crisis
The European Commission published on Tuesday the annual consumer conditions scorecard for 2023, a report that captures consumer habits based on surveys that took place in October and November 2022.
Building permits up 5 pct in 2022, moderating from 26.6 pct rise in previous year
Building permits closed last year on a growth trajectory thanks to a rise of 16.1 percent year-on-year (YoY), after an increase of 9 percent in November, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday.
Credit growth slows in Feb, loans balance stable at 113.35 bln
Credit movement in the Greek private sector decelerated further in February, still recording a rise of 4.8 percent year-on-year (YoY), from 5.7 percent in January, Bank of Greece (BoG) figures released on Monday showed.
Feb sees back-to-back drops in deposits, landing 6 bln off recent high
The net private sector deposit movement in the Greek banking system dropped further in February, down by 1.46 billion euros, after having declined by 4.5 billion euros in January, based on the latest Bank of Greece (BoG) figures released on Monday.