Economy
CPI at 2.7 pct in Jan as rent rise of 9.2 pct highlights housing cost difficulties
The growth in Greece’s Consumer Price Index (CPI) continued the moderate upward trend in January with a rise of 2.7 percent year-on-year (YoY), from 2.6 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Car sales start new year with a drop of 3.4 pct YoY in Jan
Vehicles going into circulation for the first time started the new year with a drop, falling by 7.4 percent year-on-year (YoY) in January, after a marginal decrease of 0.2 percent in December, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
New data shows rise in average wage, but overall impact limited
The Labour Ministry released recently the latest annual report for 2024 based on data on its Ergani system that maps out the earnings landscape for wage earners in the private sector in Greece.
Industrial production ends 2024 in growth, up 5.2 pct in full year
Greece’s Industrial Production Index (IPI) picked up pace in December with a 5.8 percent year-on-year (YoY) rise, after a downward revised 3.3 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Exports produce strong finish to 2024 but trade deficit up 8 pct to 34.61 bln
Greece’s trade deficit dropped by 9 percent year-on-year (YoY) at the close of 2024, after a rise of 18.7 percent in November, according to data released by ELSTAT on Friday.
Hiring balance turns negative in Dec, 2024 balance down by 46,300 jobs
Greece’s employment balance ended 2024 with a negative balance, as there were 14,218 more departures than hires in December, according to data from the Labour Ministry’s Ergani information system.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF's Article IV consultation notes progress, reiterates low long-term growth outlook
The IMF published on Friday the staff statement following the conclusion of the mission in the context of Article IV consultations, noting the progress that Greece has achieved in recent years on the fiscal and debt fronts.
Several obstacles on narrow fiscal path to new tax cuts
The Greek government finds itself under severe pressure following mass protests across the country in relation to the Tempe crash nearly two years ago.
Despite slight moderation of PMI in Jan, manufacturing sentiment improves
Greece’s Manufacturing PMI started the new year with a slight moderation, falling to 52.8 points, from 53.2 points in December, according to S&P Global data released on Monday
Nov sees rise of 2 pct YoY in retail sales, up 2.7 pct MoM
Greece’s retail sales resumed growth in November with a rise of 2 percent year-on-year (YoY), after a drop of 0.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.