Economy
Industrial production records first back-to-back drop since 2020 in Oct
Greece’s Industrial Production Index (IPI) dropped further into negative territory in October, falling by 2.5 percent year-on-year (YoY), after a decline of 1.2 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
CPI growth slows to 8.5 pct as electricity prices record rare 5.3 pct YoY fall
Greece’s Consumer Price Index (CPI) increased by 8.5 percent year-on-year (YoY) in November, slowing further from the 9.1 percent in October, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit worst since 2008 as 10M figure sees 63.2 pct rise
Greece’s trade deficit jumped by 70.5 percent year-on-year (YoY) in October after a 70.4 percent rise in September, according to data released by ELSTAT on Thursday.
GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY
Greece’s seasonally adjusted (SA) GDP dropped by 0.5 percent quarter-on-quarter (QoQ) in the third quarter (Q3), from a downwards revised 0.6 percent in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
Another crisis chapter closes, triggering final round of debt relief measures
The Eurogroup noted on Monday Greece’s progress in the post-enhanced surveillance era and released another set of debt relief measures. This marked the end of a years-long period during which Greece was often a specific agenda item in Eurogroup meetings.
Average loan rate rises to 4.86 pct in Oct
The Bank of Greece released on Friday the latest rates information for deposits and loans for October, which showed that the average rates for new loans are 4.86 percent, from 4.6 percent in the previous months.
Unemployment drops to 11.6 pct in Oct, lowest since 2010
Greece’s seasonally adjusted (SA) unemployment rate remained broadly stable in October, dropping to 11.6 percent, from an upwards revised 12 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Manufacturers facing headwinds as Nov PMI in contraction for fifth straight month
Greece’s Manufacturing PMI remained relatively unchanged in November, rising by 0.3 points from October to 48.4 points, according to S&P Global data released on Thursday.
Producer price index quickens pace in Oct with 8.1 pct monthly rise
Greece’s Producer Price Index (PPI) growth picked up pace again in October, rising by 35.4 percent year-on-year (YoY), after a rise of 29.4 percent in September, ELSTAT data showed on Wednesday.
Inflation drives up retail sales by 10.5 pct in Sep, but MoM sees 0.6 pct drop
The growth in Greece’s retail sales dropped pace in September, rising by 10.5 percent year-on-year (YoY), after an upwards revised 15 percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.