Economy
Waiters and chefs lead May hiring balance to highest on record
Greece’s employment balance was strong as is usually the trend in May with 137,841 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Unemployment at 7.9 pct in May, lowest since Nov 2008
Greece’s seasonally adjusted (SA) unemployment rate edged down to 7.9 percent in May, from 8.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
PMI remains in expansion at 53.1 in June, though firms see export and cost challenges
Greece’s Manufacturing PMI was again virtually unchanged in June at 53.1 points, from 53.2 in the previous month, according to S&P Global data released on Tuesday.
Lending to corporations drives credit growth of 11.3 pct YoY in May
The credit expansion in the Greek private sector remained strong in May, rising by 11.3 percent year-on-year (YoY), from 10.9 percent in the previous month, Bank of Greece (BoG) figures released on Monday showed.
Deposits resume rise in May, reaching 199.61 bln
Greek banking system’s private sector deposits grew in May, with a net increase of 1.22 billion euros, after a 795-million-euro drop in April, according to the latest Bank of Greece (BoG) figures released on Monday.
Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
Greece’s Producer Price Index (PPI) picked up pace in May, with a rise of 2 percent year-on-year (YoY), after an increase of 0.5 percent in April, ELSTAT data showed on Monday.
Seasonal factors push up retail sales growth to 7.6 pct YoY in Apr
Greece’s retail sales had a market rise of 7.6 percent year-on-year (YoY) in April, after growth of 1.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Economic sentiment sees minor slide in June, consumer confidence drops sharply
There was a small slide in Greece’s economic sentiment (ESI) in June to 106.1 points, from 107 in the previous month, according to European Commission figures released on Friday.
Building activity collapses by 41.3 pct YoY in Mar due to uncertainty over construction code
Building activity tumbled in March with a collapse of 41.3 percent year-on-year, after a sharp drop of 21.9 percent YoY seen in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Strong income tax revenues and contained spending maintain budget outperformance in May
The budget primary balance was confirmed at a surplus of 5.34 billion euros up to May, compared to a surplus of 3.2 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.