Economy
Industrial production edges up by 0.6 percent in March
Greece’s Industrial Production Index (IPI) increased by 0.6 percent year-on-year (YoY) in March following a slightly upward revised drop of 3.2 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Corporates begin Q1 cycle with strong results but caution over COVID19 impact
Several Greek corporates released first quarter (Q1) trading updates during the week, showing steady performance so far but urging caution over the coming period due to the coronavirus pandemic.
CPI drops by 1.4 pct in April
Greece’s Consumer Price Index (CPI) dropped by 1.4 percent year-on-year (YoY) in April compared to no change in March, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Trade deficit declines by 7.9 pct in March
Greece’s trade deficit fell by 7.9 percent year-on-year (YoY) in March compared to no change YoY in February, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
New tax debt at 1.67 bln to Feb, up by 1.04 bln month-on-month
The month-on-month rise in Greece's new tax debt came to 1.04 billion euros in February, data from the Independent Authority of Public Revenues (IAPR) has shown.
April sees lowest hiring balance on record as pandemic bites and 233,626 fewer jobs offered
The employment balance edged into positive territory in April with 7,205 more hirings than firings, data from the Labour Ministry’s Ergani information system showed.
Unemployment continued downward course in Feb, falling to 16.1 pct
Greece’s seasonally adjusted (SA) unemployment rate came to 16.1 percent in February from a downward revised reading of 16.2 percent in January, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
The European Commission released today its Spring Economic Forecasts, the first official set of numbers since the pandemic outbreak, which point to the EU economies experiencing “a recession of historic proportions this year.”
Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
The government has indicated that it is looking for further cooperation from the banking sector to inject liquidity into the country’s business landscape.
Overall loan interest drops to series low of 4.06 pct in March
The overall weighted average interest rate on all new loans to households and non-financial corporations fell by 24 percentage points to 4.06 percent in March from 4.30 percent in February, data from the Bank of Greece (BoG) showed on Wednesday.