Economy
Greek deflation decelerates to 1.5 pct due to VAT rate hikes
The Greek Consumer Price Index (CPI) fell by 1.5 percent in August from 2.2 percent in the preceding two months, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Car registrations resume upward trend in August rising by 20.1 pct
After a short-lived drop by 23.9 percent in July, the number of road motor vehicles (going into circulation for the first time) rose by 20.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Industrial production drops by 1.6 pct for third successive month in July
The Greek Industrial Production Index (IPI) dropped for the third successive month, albeit at a decelerating pace, by 1.6 percent in July from an upward revised 4.7 percent in June, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.
Wages index drops in Q2 to its lowest level since 2001
After growing in the preceding three quarters, the seasonally adjusted (SA) Wages Index fell by 2.1 percent year on year (YoY) in the second quarter (Q2) of 2015, according to the Hellenic Statistical Authority (ELSTAT).
Accommodation and food services index rises by 13.4 pct in Q2
The Turnover Index in Accommodation and Food Services rose by 13.4 percent in the second quarter (Q2) of 2015 at an accelerating pace compared to the Q1 growth rate of 6 percent, according to Hellenic Statistical Authority (ELSTAT).
July trade deficit lands at 715 mln as imports post biggest drop on record
Greece’s trade deficit plummeted by 63.1 percent in July from a drop of 14.1 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
General gov't primary cash surplus markedly better in July but arrears climb
The general government (gg) primary cash surplus narrowed by 18 percent to 2.35 billion euros in the 7-month period of 2015 from 2.87 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Monday.
Even week for Greek stocks but trading thins out
Greek shares ended the week with gains of 2 percent following a broadly stable performance but trading activity remained extremely thin throughout the week, with Wednesday’s turnover being the second lowest since August 2012.
EC study: VAT gap in Greece at 34 pct, more than double the EU average
The European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013.
Report sees fall in salary earners, big rise in part-time work during crisis
A new annual report from the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE) highlights the devastating impact that the recession and austerity measures have had on the local labour market over recent years.