Economy
Aug hiring balance improves annually, 8M up by 18,350 jobs
Greece’s employment balance improved year-on-year in August, with 5,081 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Unemployment edges down to 9.5 pct in Aug
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in August, dropping to 9.5 percent, from 9.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
PMI at 50.3 in Sept after falling for six straight months, posting weakest reading in a year
Greece’s Manufacturing PMI continued to moderate further in September, dropping to just a whisker above the growth threshold to 50.3 points, from 52.9 points in August, according to S&P Global data released on Tuesday.
New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
The Finance Ministry presented on Monday the latest Medium Term Fiscal Plan for the 2025-2028 after negotiations with Brussels within the context of the new SGP rules.
Energy pushes producer prices down by 2.4 pct YoY in Aug
Greece’s Producer Price Index (PPI) went back into contraction in August, dropping by 2.4 percent year-on-year (YoY), after a marginal rise of 0.1 percent in July, ELSTAT data showed on Monday.
Retail sales drop by 0.2 pct YoY in July as fuel leads slide
Greece’s retail sales saw a marginal drop of 0.2 percent year-on-year (YoY) in July, after an increase of 7.5 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Building activity remains in contraction for June with 1.7 pct YoY drop
Building activity remained in contraction in June, with a moderate drop of 1.7 percent year-on-year (YoY), after a sharp drop of 19.6 percent in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Industry boosts economic sentiment, consumer confidence at lowest in almost 2 yrs
Greece’s economic sentiment (ESI) bounced back in September, reaching 110.2 points, from 106.1 in the previous month, according to European Commission figures released on Friday.
Modest credit growth of 102 mln in Aug, led by lending to businesses
The credit expansion in the Greek private sector accelerated its pace further in August, rising by 6.9 percent year-on-year (YoY), from 6.4 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Deposits resume growth in Aug, rising to 195.36 bln
The net private sector deposits in the Greek banking system resumed growth in August with a rise of 1.4 billion euros, after a 607-million-euro drop in July, according to the latest Bank of Greece (BoG) figures released on Thursday.