Economy
May PMI still in expansion as firms report supply chain and cost issues
Greece’s Manufacturing PMI remained in expansion in May, though it slightly moderated to 54.9 points from 55.2 points in April, according to S&P Global data released on Monday.
Fitch leaves rating unchanged at 'BBB-', outlook stable
Fitch on Friday reaffirmed Greece’s credit rating to ‘BBB-‘ with stable outlook. It is another indication that the country’s rating has entered a steady environment after the several upgrades over the last couple of years that brought it to investment grade.
Fuel and food trigger retail sales jump of 10.9 pct in Mar
Greece’s retail sales rebounded strongly in March, with a jump of 10.9 percent year-on-year (YoY), after a downward revised decline of 3.5 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Producer prices drop 1 pct in Apr, in contraction for over one year
Greece’s Producer Price Index (PPI) remained in contraction in April, dropping by 1 percent year-on-year (YoY), after falling by 0.1 percent in March, ELSTAT data showed on Thursday.
Unemployment rate unchanged at 10.8 pct in Apr
Greece’s seasonally adjusted (SA) unemployment rate stayed unchanged in April, landing at 10.8 percent, the previous month was upwards revised from 10.2 percent, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Economic sentiment improves further in May, consumer confidence dips
Greece’s economic sentiment (ESI) moved up in May, reaching 111 points, from 108.6 points in the previous month, according to European Commission figures released on Thursday.
Rise of deposits moderates to 384 mln in April
The net private sector deposits in the Greek banking system increased in April with a rise of 384 million euros, after a 1.67-billion-euro rise in March, based on the latest Bank of Greece (BoG) figures released on Wednesday.
Credit growth unchanged in April at 4.5 pct, flow turns negative
The credit expansion in the Greek private sector was unchanged in April, rising by 4.5 percent year-on-year (YoY), Bank of Greece (BoG) figures released on Wednesday showed.
Despite further slowdown, property prices grew by 10.4 pct in Q1
The growth in the nominal value of apartments in Greece continued at a steady pace in the first quarter of 2024, increasing by 10.4 percent year-on-year (YoY) from an upwards revised 12.4 percent in Q4 2023, Bank of Greece (BoG) data released on Tuesday showed.
Building permits jump by 77.8 pct in Feb for second highest rise since pandemic
The strong start to the year continued for building permits, with a rise of 77.8 percent year-on-year (YoY), after a 15.1 percent increase in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday.