Economy
Sentiment and consumer confidence start 2025 with improvements
Greece’s economic sentiment (ESI) started the year with a solid improvement, rising to 108.6 points, from 106.4 in the previous month, according to European Commission figures released on Thursday.
Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in December, edging down marginally to 9.4 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Loans to corporations drive credit expansion of 8.9 pct YoY in Dec
The credit expansion in the Greek private sector remained strong in December, rising by 8.9 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed.
Seasonal rise in Dec pushes deposits above 200 bln mark for first time since 2011
The private sector deposits in the Greek banking system ended the year strongly in December with a net increase of 5.65 billion euros, after a 2.27-billion-euro rise in November, according to the latest Bank of Greece (BoG) figures released on Wednesday.
Building activity resumes growth in Oct, permits up 15.8 pct in 10M
Building activity resumed growth in October, with an increase of 5.9 percent year-on-year (YoY), after a marginal drop of 0.9 percent in September, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday.
Final budget data for 2024 affirms solid surplus due to strong revenues, 2.75 bln underspend
The budget primary balance was confirmed at a surplus of 8.7 billion euros in December, and for the full-year 2024, compared to a surplus of 3.92 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Despite lower spend per trip, record arrivals push travel balance to 18.77 bln in 11M
Greece's travel balance recorded a surplus of 419.9 million euros in November, compared to 1.94 billion euros in October, according to data released by the Bank of Greece (BoG) on Tuesday.
Industrial turnover returns to contraction in Nov with sharp 5 pct YoY drop
Greece’s industrial turnover resumed contraction in November, dropping by 5 percent year-on-year (YoY), from a 1.1 percent increase in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Current account deficit widens to 3.15 bln in Nov, at 11.52 bln in 11M
Greece’s current account remained in deficit in November, widening to 3.15 billion, from 383.2 million euros in October, Bank of Greece (BoG) data showed on Monday.
Budget reaches 8.63 bln primary surplus in 2024 thanks to tax outperformance and underspend
The budget primary balance closed the year with a surplus of 8.63 billion euros up to December, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.