Economy

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Vehicle sales record back-to-back annual drop of 2.7 pct in July

The rise in road motor vehicles going into circulation for the first time stayed broadly unchanged in July, rising by 2.3 percent year-on-year (YoY), following 2 percent growth in June, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.

Photo via https://flic.kr/p/29HRurs Impact of uncertainty on economy starting to emerge in hard data

The uncertainty of the Ukraine conflict, which is being felt primarily through the energy crisis and the swelling inflation wave, has been reflected for months in sentiment surveys and is now gradually filtering through in hard data, sending the first recessionary signals.

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