Economy
Deposits slide by 795 mln in Apr, dropping to 198.37 bln
The contraction in the Greek banking system’s private sector deposits resumed in April, with a net decrease of 795 million euros, after a 2.41-billion-euro rise in March, according to the latest Bank of Greece (BoG) figures released on Friday.
Credit growth stays strong in April with 10.9 pct YoY rise, credit to corporations stalls MoM
The credit expansion in the Greek private sector remained strong in April, rising by 10.9 percent year-on-year (YoY), from 10.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed.
Growth in property prices stable at 6.8 pct YoY in Q1
The growth in the nominal value of apartments in Greece slowed marginally in the first quarter of 2025, increasing by 6.8 percent year-on-year (YoY) from an upwards revised 7 percent in Q4 2024, Bank of Greece (BoG) data released on Monday showed.
PMI unchanged in May as signs of tariff effects, weak EU demand start to show
Greece’s Manufacturing PMI was unchanged in May at 53.2 points, according to S&P Global data released on Monday.
Scope leaves rating at 'BBB' and outlook unchanged at stable
Scope Ratings completed the latest monitoring process for Greek government bonds (GGBs) and the agency decided to keep Greece’s rating at ‘BBB’ with a stable outlook.
Rise in producer prices eases to 0.5 pct YoY, in growth for four straight months
Greece’s Producer Price Index (PPI) slowed in April, with a rise of 0.5 percent year-on-year (YoY), after an increase of 2.1 percent in March, ELSTAT data showed on Friday.
Affected by drop in fuel sales, rise in retail figures moderates to 1.2 pct YoY
Greece’s retail sales slowed significantly with a rise of 1.2 percent year-on-year (YoY) in March, after growth of 6.3 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment hits 8.3 pct in Apr for newest low since 2008
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.3 percent in April, from 8.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Government hails rising wage data, but full picture tells more complex story
The issue of wages resurfaced in the public debate last week after the government launched a communication offensive and briefed the Greek media that, based on Eurostat data, incomes in Greece have significantly improved.
Building activity records another sharp drop of 21.9 pct YoY in Feb
Building activity recorded another sharp drop at the start of 2025 with a decrease of 21.9 percent year-on-year (YoY) in February, after a drop of 17 percent in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday.