Economy
Car market starts year on the up, with 6.7 pct rise in Jan
Road motor vehicles going into circulation for the first time opened the new year with a growth rate of 8.6 percent year-on-year (YoY) in January, after a 24.8 percent rise in December, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Investment grade boost visible in strong demand for Greek assets
The benefits that were widely anticipated from Greece securing the investment grade have become tangible over the last few months, at least on the demand side for Greek assets, including the sovereign, banks, and state assets.
Industrial production concluded 2023 with modest annual growth of 2.2 pct
Greece’s Industrial Production Index (IPI) accelerated in December, growing by 4.3 percent year-on-year (YoY), after a 3.2-percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Trade deficit drops by 20 pct in 2023 despite contraction of exports
Greece’s trade deficit recorded a drop of 11.3 percent year-on-year (YoY) in December, after a decline of 28.6 percent in November, according to data released by ELSTAT on Wednesday.
Labour database shows 8 in 10 workers earn less than 1,200 per month
The annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers.
Labour market improves further in 2023, with 43,802 more hirings
Greece’s employment balance turned positive in December, with 18,496 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Unemployment falls to 9.2 pct in Dec amid big YoY drop in number of out-of-job workers
Greece’s seasonally adjusted (SA) unemployment rate remained below 10 percent in December, landing at 9.2 percent, from 9.4 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
Greece’s Manufacturing PMI recorded solid gains in January, rising to 54.7 points from 51.3 points in December, according to S&P Global data released on Thursday.
Retail sales make marginal YoY gains in Nov, volumes continue to fall sharply
Greece’s retail sales made marginal gains in November, with a rise of 0.6 percent year-on-year (YoY), after no change in October, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Investment grade rewards evident in first bond issuance of 2024, attracting record demand
The benefits of Greece securing the investment grade for its sovereign debt from four rating agencies last year were clearly visible in the first bond issued by the Public Debt Management Agency on Tuesday.