Economy
Oct current account deficit widens to 2.7 bln - worst since 2008
Greece posted a deep current account deficit (C/A) in October of 2.7 billion euros, from a deficit of 811.4 million euros in September, Bank of Greece (BoG) data showed on Wednesday.
PBO sees economy making soft landing, but facing challenges ahead
The Parliamentary Budget Office (PBO) released its latest quarterly report on Tuesday, which highlights some of the concerns for the coming year despite notable progress on the fiscal and economic front this year.
Industrial turnover grows 23.7 pct YoY in Oct, but drops by 2.6 pct MoM
Greece’s industrial turnover remained on a solid footing in October, rising by 25.4 percent year-on-year (YoY) after a 23.7 percent in September, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Loans managed by servicers stabilise near 87 bln in Q3 as securitisations conclude
The universe of loans managed by Credit Servicing Firms (CSF) has stabilised since Q1 this year and in Q3 it stood at 86.8 billion euros, according to data released by the Bank of Greece (BoG) on Friday.
Q3 unemployment of 11.6 pct is lowest rate since Q1 2010
Greece’s non-seasonally adjusted quarterly unemployment rate stayed on a downward path in Q3 this year, dropping to 11.6 percent, from 12.4 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Budget primary deficit at 1.13 bln in Nov as taxes continue to outperform
The budget primary balance up to November 2022 came to a deficit of 1.13 billion euros, compared to a deficit of 7.89 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.
Growth in import prices slows to 21.3 pct in Oct
Greece’s import price index further slowed down its pace in October, rising by 21.3 percent year-on-year (YoY), from 25.2 percent, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
After three quarters of contraction, wages rise by 7.3 pct in Q3
Greece’s seasonally adjusted (SA) Wages Index moved back to positive territory in the third quarter (Q3), rising by 7.3 percent year-on-year (YoY) after dropping by 0.9 pct in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Car sales fall by 0.7 pct in Nov for first drop since July
The rise in road motor vehicles going into circulation for the first time moved to negative territory in November, dropping by 0.7 percent year-on-year (YoY), after rising by 2.4 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Industrial production records first back-to-back drop since 2020 in Oct
Greece’s Industrial Production Index (IPI) dropped further into negative territory in October, falling by 2.5 percent year-on-year (YoY), after a decline of 1.2 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.