Economy
Several obstacles on narrow fiscal path to new tax cuts
The Greek government finds itself under severe pressure following mass protests across the country in relation to the Tempe crash nearly two years ago.
Despite slight moderation of PMI in Jan, manufacturing sentiment improves
Greece’s Manufacturing PMI started the new year with a slight moderation, falling to 52.8 points, from 53.2 points in December, according to S&P Global data released on Monday
Nov sees rise of 2 pct YoY in retail sales, up 2.7 pct MoM
Greece’s retail sales resumed growth in November with a rise of 2 percent year-on-year (YoY), after a drop of 0.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Producer prices drop 0.8 pct YoY in Dec, down 2.2 pct in 2024
Greece’s Producer Price Index (PPI) remained in contraction in December, although it moderated further to 0.8 percent year-on-year (YoY), after a decline of 1.2 percent in November, ELSTAT data showed on Thursday.
Sentiment and consumer confidence start 2025 with improvements
Greece’s economic sentiment (ESI) started the year with a solid improvement, rising to 108.6 points, from 106.4 in the previous month, according to European Commission figures released on Thursday.
Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in December, edging down marginally to 9.4 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Loans to corporations drive credit expansion of 8.9 pct YoY in Dec
The credit expansion in the Greek private sector remained strong in December, rising by 8.9 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed.
Seasonal rise in Dec pushes deposits above 200 bln mark for first time since 2011
The private sector deposits in the Greek banking system ended the year strongly in December with a net increase of 5.65 billion euros, after a 2.27-billion-euro rise in November, according to the latest Bank of Greece (BoG) figures released on Wednesday.
Building activity resumes growth in Oct, permits up 15.8 pct in 10M
Building activity resumed growth in October, with an increase of 5.9 percent year-on-year (YoY), after a marginal drop of 0.9 percent in September, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday.
Final budget data for 2024 affirms solid surplus due to strong revenues, 2.75 bln underspend
The budget primary balance was confirmed at a surplus of 8.7 billion euros in December, and for the full-year 2024, compared to a surplus of 3.92 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.