Economy
Fuels prompt sharp drop of 25.2% in April trade deficit
Greece’s trade deficit fell sharply in April with a 25.2 percent year-on-year (YoY) drop, after an equally sharp fall of 30.5 percent in March, according to data released by ELSTAT on Monday.
Unemployment jumps to 10.6 pct in Q1 - highest in two years
Greece’s non-seasonally adjusted quarterly unemployment rate jumped in Q1, landing at 10.6 percent, from 8.3 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Q1 GDP growth slows to 0.2 pct QoQ as investments drop
Greece’s seasonally adjusted (SA) GDP grew modestly in Q1, rising by 0.2 percent quarter-on-quarter (QoQ), from 0.7 percent increase in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
OECD's latest outlook sees stable growth, rising inflation
In its latest Economic Outlook, the OECD says that Greece enters 2026 on a footing of notable economic resilience, though it remains “under pressure” from shifting global dynamics.
PMI improves in May as manufacturers struggle with effects of Iran war
Greece’s manufacturing PMI rose to 53.3 points in May, from 52.4 points in the previous month, S&P Global data showed on Tuesday.
Deposits fall marginally in April as rise for households offsets business drop
Private sector deposits dropped marginally in April, with a net outflow of 66 million euros, after a rise of 2.08 billion euros in March, according to the latest Bank of Greece (BoG) figures released on Tuesday.
Lending to corporates drives credit drop of 6.8 pct YoY in Apr
Credit expansion in the Greek private sector remained strong in April, rising by 6.8 percent year-on-year (YoY), from 7.7 percent the previous month, Bank of Greece (BoG) figures released on Tuesday showed.
Producer prices jump 12.8 pct YoY in April as Iran war pushes all categories upwards
Greece’s Producer Price Index (PPI) accelerated significantly in April to 12.8 percent year-on-year (YoY), after a rise of 8.3 percent in the previous month, ELSTAT data showed on Friday.
Retail sales growth of 6.1 pct YoY in March spurred by fuel as war takes toll
The growth of Greece’s retail sales slightly moderated with a rise of 6.1 percent year-on-year (YoY) in March, after an increase of 6.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Unemployment heads north, hovering at 10 pct over last two months
Greece’s seasonally adjusted (SA) unemployment rate edged down to 9.5 percent in April, from a significantly upwards revised 10.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday.