Economy
Manufacturing continues to expand in April, firms remain optimistic
Greece’s Manufacturing PMI remained in expansion in April, though it dropped to 55.2 points from 56.9 points in March, according to S&P Global data released on Wednesday.
Piraeus Bank net interest income jumps by 16 pct to 518 mln in Q1, commission income up 19 pct
Piraeus Bank posted a net profit of 233 million euros in Q1 2024, from 180 million euros in Q1 last year.
Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
Greece submitted on Tuesday to the European Commission the 2024 Stability Programme, making it the first official document in which the Greek authorities have revised down their initial growth outlook for the year.
As base effect wears off, producer prices fall by just 0.1 pct in Mar
Greece’s Producer Price Index (PPI) recorded only a marginal contraction in March, dropping by 0.1 percent year-on-year (YoY), after falling by 4.3 percent in February, ELSTAT data showed on Tuesday.
Retail sales and volumes show worrying signs, turnover down 3.8 pct in Feb
Greece’s retail sales went deeper into contraction in February, with a drop of 3.8 percent year-on-year (YoY), after an upwards revised decline of 3 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Corporate taxation, underspend lead to 3 bln primary surplus in March
The budget primary balance was confirmed at a surplus of close to 3 billion euros in March, compared to a surplus of 3.08 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Sentiment unchanged in April thanks to services gains, consumer confidence also rises
Greece’s economic sentiment (ESI) remained broadly unchanged in April at 108.5 points, after a strong recovery in March, from 108.4 points in the previous month, according to European Commission figures released on Monday.
Credit expansion grows by 4.5 pct in Mar, driven by corporations
The credit expansion in the Greek private sector picked up even more pace further in March, rising by 4.5 percent year-on-year (YoY), up from 3.8 percent in February, Bank of Greece (BoG) figures released on Friday showed.
Deposits reverse contraction in Mar with 1.67 bln growth
The net private sector deposits in the Greek banking system increased in March with a rise of 1.67 billion euros, after a 1.07 billion euros drop in February, based on the latest Bank of Greece (BoG) figures released on Friday.
Building permits start year strongly with 15.1 pct rise in Jan
Building permits started the new year strongly with a rise of 15.1 percent year-on-year (YoY), after a modest 0.6 percent increase in December, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.