Economy
Piraeus Bank net interest income jumps to 420 mln in Q1, up 71 pct
Piraeus Bank posted a net profit of 180 million euros in Q1 2023, from a profit of 521 million euros, the same quarter last year, thanks to one-off gains of 518 million euros.
March unemployment falls by almost 2 points YoY to 10.9 pct, jobless numbers down to 2009 levels
Greece’s seasonally adjusted (SA) unemployment rate was marginally lower in March, edging down to 10.9 percent, after rising to 11.3 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Deposits surge by 2.32 bln in March, driven by households
The net private sector deposit movement in the Greek banking system picked up in March, rising by 2.32 billion euros, after dropping by 1.46 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday.
Loans to corporations drive credit growth of 5.1 pct YoY in March
The pace of credit movement in the Greek private sector increased slightly in March, moving up by 5.1 percent year-on-year (YoY), after a rise of 4.8 percent in February, Bank of Greece (BoG) figures released on Tuesday showed.
Stability Programme sees improved growth, primary surplus above 2 pct from 2024
Greece submitted to the European Council and the European Commission the latest Stability Programme of 2023, covering the 2024-2026 period, in line with the Council regulations.
Manufacturing continues to grow in April, sector sentiment highest since Jan 2022
Greece’s Manufacturing PMI continued its expansion trend in April, falling marginally to 52.4 points, from 52.8 points in March, according to S&P Global data released on Tuesday
Producer prices drop in Mar for the first time in over 2 years, led by energy
Greece’s Producer Price Index (PPI) contracted for the first time since January 2021, turning negative by 10.9 percent year-on-year in March, from 4.7 percent in February, ELSTAT data showed on Friday.
Retail index continues to rise in Mar, but food sales volume stagnant
The growth in Greece’s retail sales picked up pace in February, rising by 11.3 percent year-on-year, after a 10.6 percent increase in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Hotel and restaurant jobs boost hirings balance in March
Greece’s employment balance in March was positive by 61,912 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Building activity starts 2023 with solid growth of 22 pct for permits
Building permits started 2023 on a solid footing, thanks to a rise of 22.1 percent year-on-year (YoY) in January, after increasing by 16.1 percent in December, according to the data released by the Hellenic Statistical Agency (ELSAT) on Thursday.