Economy
Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP
Following two years during which the pandemic forced the Greek authorities to provide extensive support packages that pushed up the debt both in nominal terms and as a percentage of GDP, the draft 2022 budget anticipates the debt-to-GDP ratio resuming a downward path.
FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
The Finance Ministry submitted to Parliament on Monday the draft budget for 2022 in which Greece is seen leaving behind the impact of the pandemic.
Manufacturing growing at steady pace despite supply chain, inflation issues
Greece’s manufacturing PMI dropped slightly to 58.4 in September, from 59.3 points in August, according to Markit data released on Friday.
Retail sales jump 13.3 pct in Jul to extend growth period to four months
Greece’s retail sales growth accelerated in July, rising by 13.3 percent year-on-year (YoY), from an upwards revised 12.2 percent in June, Hellenic Statistical Authority data showed on Thursday.
Economic sentiment drops off in Sept as consumer confidence falls for fourth month
Following a series of rises, Greece’s economic sentiment (ESI) dropped in September by 3.3 points month-on-month to 109.7 points, from a rise of 1.8 points in August, according to European Commission figures released on Wednesday.
August sees first negative hirings balance of year
Greece’s employment balance in August turned negative as there were 9,875 more departures than hirings, from a positive balance of 24,395 in July, according to data from the Labour Ministry’s Ergani information system.
Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs
The budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
Credit growth slows to 0.8 pct in Aug, lowest for 2021
Credit movement in the Greek private sector increased by an annual 0.8 percent in August, from 1.2 percent in July, Bank of Greece (BoG) figures showed on Monday.
Deposits rise by 1.48 bln in Aug as year to date increase exceeds 10 bln
The net private sector deposit movement in the Greek banking system continued to rise in August, increasing by 1.48 billion euros, from 1.84 billion euros in July, based on Bank of Greece (BoG) figures released on Monday.
Some key tasks pending as Greece edges closer to completing post-programme process
Greece formally completed the eleventh post-programme review, which took place remotely in mid-July and was followed by regular consultations, with the report published on Wednesday by the European Commission.