Economy
Revised GDP data shows 1.9 pct growth in 2019, taking 2017-2019 upward streak to nearly 5 pct
As part of the second estimate for the national accounts and the regular cycle of base year revision that takes place every five years, the Hellenic Statistical Authority revised 2019 GDP data and the annual series base year to 2015, from 2010.
Primary cash balance deficit at 7.12 bln in Sept
Greece’s central government primary cash balance recorded a deficit of 7.12 billion euros in the first nine months of the year according to figures released by the Bank of Greece (BoG).
Budget primary shows deficit of 7.01 bln as revenues suffer in September
The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday.
IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
The International Monetary Fund has issued its updated macroeconomic forecasts for Greece within the framework of the World Economic Outlook and the Fiscal Monitor released within as part of the IMF’s Annual Meetings.
Survey finds only 60 pct of hotels operated in the year so far
The Hellenic Chamber of Hotels (HCH) has released a new survey of its members which shows the troubled state of Greece’s hotel sector in the midst of the coronavirus pandemic.
Employment balance positive by 38,529 in September
The employment balance was positive with 38,529 more hirings than firings in September, data from the Labour Ministry’s Ergani information system showed.
Building permits rise by 12 pct in July as construction picks up
Building permits rose by 12 percent percent year-on-year (YoY) in July compared to a rise of 17 percent in June, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Car sales rise by 3 pct in September and drop by 26.7 pct in first 9 months
Road motor vehicles going into circulation for the first time rose by 3 percent in September compared to a drop of by 23.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Industrial production drops by 3.8 pct in August
Greece’s Industrial Production Index (IPI) decreased by 3.8 percent year-on-year (YoY) in August following a decrease of 0.2 percent in July, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
CPI falls by 2 pct YoY in September
Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in September compared to a decline of 1.9 percent seen in August, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.