Road motor vehicles going into circulation for the first time increased by 7.6 percent year-on-year (YoY) in March, slowing down from the notable 38.3 percent rise in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
After two years of fiscal relaxation across the eurozone thanks to the activation of the escape clause, allowing fiscal rules to be eased so governments could cushion the blow of the pandemic, Greece’s future fiscal path started to take shape over the last few days.
Greece’s Industrial Production Index (IPI) recovered in February, rising by 4.8 percent year-on-year (YoY), after having recorded the first contraction after months in January, dropping by 0.2 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Greece’s Consumer Price Index (CPI) picked up more pace in March, rising by 8.9 percent year-on-year (YoY), from a 7.2 percent increase in February, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
In the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact of the Ukraine conflict on Greek macro data, with the baseline scenario of growth now lower by one percentage point and inflation notably higher.
Greece’s trade deficit continued growing in February, nearly tripling year-on-year, up by 171.8 percent, from a jump of 98.7 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
The IMF concluded last week its latest Article IV consultation for Greece with the mission drawing attention to the fiscal policy commitments Greek authorities face from this year, while noting progress in some areas.
Greece’s Manufacturing PMI in March dropped to 54.6 points, from 57.8 points in February, according to S&P Global data released on Friday.
Greece’s retail sales slowed down the annual recovery in January, rising by 13.9 percent year-on-year (YoY), from an upwards revised 24 pct, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Greece’s Producer Price Index (PPI) continued its meteoric rise in February, when it jumped by 33.6 percent year-on-year (YoY), after another solid increase of 31.6 percent in January, ELSTAT data said on Wednesday.