Economy
Budget reaches 8.63 bln primary surplus in 2024 thanks to tax outperformance and underspend
The budget primary balance closed the year with a surplus of 8.63 billion euros up to December, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.
Car sales rise by 2.4 pct in 2024 as market slows down
Road motor vehicles going into circulation for the first time were virtually unchanged in December, dropping by 0.2 percent year-on-year (YoY), after an increase of 1 percent in November, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Inaugural 2025 bond breaks demand record, yield at 3.64 pct
Greece’s debt managers kicked off the execution of the 2025 debt strategy on Tuesday with a 10-year issue that broke demand records.
Energy prices drive 2.8 pct YoY import price drop, as non-durable goods rise
Greece’s import price index contraction moderated further in November, dropping by 2.8 percent year-on-year (YoY), after a 5.5 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
CPI at 2.6 pct in Dec, housing costs climb by 3.7 pct
The growth in Greece’s Consumer Price Index (CPI) picked up slightly in December with a rise of 2.6 percent year-on-year (YoY), from 2.4 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
Debt position a bulwark against global turbulence
It has been widely reported that Greek Finance Ministry officials have been following with concern developments in the global economy and sovereign debt markets, trying to assess the implications of Donald Trump assuming the US presidency on January 20.
Industrial production returns to growth in Nov with 4.9 pct YoY rise, led by electricity
Greece’s Industrial Production Index (IPI) resumed growth in November with a 4.9 percent year-on-year (YoY) rise, after a 2.5 percent decrease in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Trade deficit jumps 18.7 pct YoY in Nov, 11M deficit at 31.51 bln
Greece’s trade deficit rose sharply by 18.7 percent year-on-year (YoY) in November, after a rise of 11.5 percent in October, according to data released by ELSTAT on Thursday.
Economic sentiment unchanged in Dec, consumer confidence improves by 3 pts
Greece’s economic sentiment (ESI) was virtually unchanged in December, falling marginally to 106 points, from 106.2 in the previous month, according to European Commission figures released on Wednesday.
Unemployment rate remains in single-digit territory for Nov, at 9.6 pct
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in November, edging down up to 9.6 percent, from 9.8 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday.