Economy
Economic sentiment slides by 0.4 pts again in Dec, consumer confidence improves
Greece’s economic sentiment (ESI) experienced another marginal drop of 0.4 points in December, the same decline as in the previous month, falling to 106 points overall, according to European Commission figures released on Monday.
Dependency on tourism highlighted by negative hiring balance of 82,463 in Nov
Greece’s employment balance stayed negative in November, with 82,463 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Unemployment rate stays below 10 pct in Nov as inactive numbers rise
Greece’s seasonally adjusted (SA) unemployment rate remained below 10 percent in November, landing at 9.4 percent, after a slightly downwards revision to 9.4 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Fuelled by drop in corporate deposits, Nov outflow at 904 mln
The net private sector deposits in the Greek banking system contracted strongly in November, with a 904-million-euro outflow, after a negative movement of 2.14 billion euros in October, based on the latest Bank of Greece (BoG) figures released on Tuesday.
Pace of credit growth picks up in Nov, at 2.8 pct, led by loans to insurance companies
The credit expansion in the Greek private sector slightly picked up pace in November, rising by 2.8 percent year-on-year (YoY), up from 2.1 percent in October, Bank of Greece (BoG) figures released on Tuesday showed.
Greek manufacturing PMI at 51.3 pts in Dec, nearing a year of expansion
Greece’s Manufacturing PMI experienced marginal gains in December, remaining in expansion territory and rising to 51.3 points from 50.9 points in November, according to S&P Global data released on Monday.
Energy fuels producer price fall of 8.9 pct in Nov, but non-durable consumer goods keep rising
Greece’s Producer Price Index (PPI) contracted for the ninth successive month in November, dropping by 8.9 percent year-on-year (YoY), after falling sharply by 13.5 percent in October, ELSTAT data showed on Friday.
Retail sales barely move in Oct, collapse in volumes accelerates
Greece’s retail sales barely stayed on positive ground in October, with a rise of 0.1 percent year-on-year (YoY), after a 3.3-percent rise in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Building activity returns to growth in Sep, up 9 pct in 9M
Building permits returned to growth in September, rising by 6.2 percent year-on-year (YoY), after a drop of 4 percent in August, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Primary surplus confirmed at 5.83 bln in Nov on back of spending under-execution
The budget primary balance in November was confirmed at a surplus of 5.83 billion euros, compared to a deficit of 1.09 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.