Economy
Car sales record moderate 1.8 pct YoY rise in Nov, up 2.9 pct this year
Road motor vehicles going into circulation for the first time rose by 1 percent year-on-year (YoY) in November, after an increase of 2.1 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Industrial production records second drop of year with 2.9 pct YoY decline in Oct
Greece’s Industrial Production Index (IPI) went into contraction in October with a 2.9 percent year-on-year (YoY) drop, after a 2.6 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
CPI stable at 2.4 pct in Nov, food inflation lowest since 2021
The growth in Greece’s Consumer Price Index (CPI) was stable in November with a rise of 2.4 percent year-on-year (YoY), the same as in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
Bank tax proposal spearheads PASOK attack on government's economic policy
PASOK’s new strategy of focusing on areas where the government has, in the public’s view, performed poorly and tabling legislative proposals that puts the government on the defensive appears to have caught the administration of Kyriakos Mitsotakis unprepared.
Scope takes Greece a step further into investment grade territory with 'BBB' rating
Scope Ratings completed the annual cycle of rating reviews for Greece with a positive move as it granted the first upgrade of the year and is the only agency that has moved Greece’s rating one step further into the investment grade territory.
Trade deficit rises by 11.5 pct YoY in Oct, 10M deficit at 28.32 bln
Greece’s trade deficit rose sharply by 11.5 percent year-on-year (YoY) in October, after a rise of 12.9 percent in September, according to data released by ELSTAT on Friday.
GDP growth slows to 0.3 pct QoQ, investments underwhelm
Greece’s seasonally adjusted (SA) GDP decelerated significantly in Q3, rising by 0.3 percent quarter-on-quarter (QoQ), from a 1.2 percent increase in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
Boosted by seasonal jobs, unemployment at 9 pct in Q3 - lowest since 2009
Greece’s non-seasonally adjusted quarterly unemployment rate fell further in Q3, dropping to 9 percent, from 9.8 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
OECD sees stable growth of 2.2 pct next year and persistent structural challenges
The OECD published on Wednesday the latest economic outlook with the growth estimates for Greece broadly in line with other international organisations and the Finance Ministry’s forecasts. The report also outlines a number of challenges for the economy from the medium-term.
Property price growth slows to 7.8 pct YoY in Q3, index near prior all-time high
The growth in the nominal value of apartments in Greece slowed in the third quarter of 2024, increasing by 7.8 percent year-on-year (YoY) from an upwards revised 9.4 percent in Q2 2024, Bank of Greece (BoG) data released on Tuesday showed.