Economy
Credit to corporations leads credit growth of 9.1 pct YoY in Oct
The credit expansion in the Greek private sector accelerated in October, rising by 9.1 percent year-on-year (YoY), from 6.6 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Building activity rises by 10.5 pct YoY in Aug, up 19.5 pct in 8M
Building activity remained in growth in August, with an increase of 10.5 percent year-on-year (YoY), after a sharp rise of 15.2 percent in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Economic sentiment slides in Nov, led by services and construction
Greece’s economic sentiment (ESI) deteriorated further in November, falling to 106.1 points, from 106.9 in the previous month, according to European Commission figures released on Thursday.
Details of 2025 budget point to complex economic challenges ahead
The Finance Ministry tabled last Wednesday the final budget for 2025. As much as the headline numbers support the government narrative of stable growth and solid fiscal performance, the underlying numbers highlight the challenges for the coming years.
Final Oct budget execution data reaffirms solid primary surplus boosted by privatisation takings
The budget primary balance was confirmed at a surplus of 13.53 billion euros in October, compared to a surplus of 6.08 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Fitch takes no rating action, leaves outlook stable
In Greece’s latest rating review on Friday, Fitch took no action and left the country’s grade unchanged at ‘BBB-‘, with the outlook also remaining stable.
Travel receipts recover in Sep, up 4.1 pct in 9M to 18.76 bln
Greece's travel balance recorded a surplus of 3.58 billion euros in September, compared to 4.02 billion euros in August, according to data released by the Bank of Greece (BoG) on Thursday.
Government tables 2025 budget, seeing stable growth, solid public finances and lower debt
The Finance Ministry tabled in Parliament on Wednesday the final budget for 2025, which sees stable growth and a solid fiscal performance that keeps the debt-to-GDP ratio on a downward trajectory.
Drop in industrial turnover accelerates to 7.9 pct YoY in Sep as manufacturing falls sharply
There was an acceleration in the decline of Greece’s industrial turnover in September, dropping by 7.9 percent year-on-year (YoY) from a 4 percent decrease in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Current account deficit at 7.67 bln for 9M as goods balance deteriorates
Greece’s current account was back in deficit in September, widening to 316.5 million, from a 651.3 million euros surplus in August, Bank of Greece (BoG) data showed on Wednesday.