Economy
Car sales jump by 28.4 pct in Mar, rise by 21.5 pct in Q1
Road motor vehicles going into circulation for the first time grew strongly in March, rising by 31.3 percent year-on-year (YoY), after dropping by 8.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Industrial production growth accelerates to 5.2 pct in Feb, electricity supply contracts again
Greece’s Industrial Production Index (IPI) picked up strength in February, rising by 5.2 percent year-on-year (YoY), from just a marginally positive 0.8 percent in January, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Price rises moderate further in Mar on annual basis, but pick up MoM
The pace of the rise in Greece’s Consumer Price Index (CPI) dropped further in March, when it increased by 4.6 percent year-on-year (YoY), from a 6.1 percent upsurge in February, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
In the Bank of Greece governor’s annual report for 2022, Yannis Stournaras outlined the progress that the economy made in 2022, although the year was marked by increased global uncertainty and the challenges posed by the conflict in Ukraine and price pressures stemming mainly from the energy sector.
Trade deficit narrows by further 32.3 pct YoY in Feb
Greece’s trade deficit recorded back-to-back annual drops in February, falling by 32.3 percent, from 21.9 percent in January, according to data released by ELSTAT on Friday.
Manufacturing posts back to back growth in March as PMI rises to 52.8 pts
Greece’s Manufacturing PMI remained in expansion territory in March, rising to 52.8 points, from 51.7 points in February, according to S&P Global data released on Monday.
Unemployment increases to 11.4 pct in Feb, inactive population rises
Greece’s seasonally adjusted (SA) unemployment rate moved up in February, rising to 11.4 percent, from a downward revised 10.3 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Retail turnover grows by 10.8 pct in Jan, volumes of food and fuel sales drop
The growth in Greece’s retail sales picked up pace in January, rising by 10.8 percent year-on-year, after an 8.8 percent increase in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Growth in producer prices slows further to 4.7 pct as food products jump by 12.6 pct
The pace of Greece’s Producer Price Index (PPI) slowed significantly in February, when it rose by 4.7 percent year-on-year (YoY) compared to 13.5 percent in January, ELSTAT data showed on Thursday.
Economic sentiment posts modest drop in Mar, consumer confidence recovers strongly
Greece’s economic sentiment (ESI) recorded a modest drop in March, falling by 0.8 points to 106.8, from a rise of 1.7 points in February, according to European Commission figures released on Thursday.