Economy
Unemployment stable at 8.6 pct in Oct
Greece’s seasonally adjusted (SA) unemployment rate was virtually unchanged at 8.6 percent in October, from 8.7 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Lost decades for Greek incomes tell different story to recovery narrative
The final 2026 budget submitted to Parliament in November reaffirmed Greece’s strong fiscal performance and the sustained trajectory of declining debt.
PMI drops marginally in Nov amid declining export orders and rising input costs
Greece’s manufacturing PMI recorded a drop in November to 52.7 points, from 53.5 points in the previous month, S&P Global data showed on Monday.
Energy leads 1.4 pct YoY drop in producer prices for Oct
Greece’s Producer Price Index (PPI) remained in contraction in October, with a drop of 1.4 percent year-on-year (YoY), after a decrease of 1.1 percent in September, ELSTAT data showed on Friday.
Fuels and food drive 0.7 pct YoY fall in Sept retail sales
Greece’s retail sales dropped by 0.7 percent year-on-year (YoY) in September, after a strong rise of 5.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Deposits drop of 2.13 bln in Oct driven by businesses
The Greek banking system’s private sector deposits fell significantly in October, with a net drop of 2.13 billion euros, after a rise of 2.65 billion euros in August, according to the latest Bank of Greece (BoG) figures released on Thursday.
Credit growth slows to 7.8 pct YoY in Oct
The credit expansion in the Greek private sector remained strong though it moderated in October, rising by 7.8 percent year-on-year (YoY), from 10.7 percent the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Construction continues recovery in Aug, down 8.4 pct YoY over 8 months
Building activity remained in growth in August, with a rise of 7.8 percent year-on-year, after an increase of 12.2 percent YoY seen in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Economic sentiment slides in Nov, consumer confidence drops sharply
Greece’s economic sentiment (ESI) deteriorated in November, with the index at 106 points, from 107.5 in the previous month, according to European Commission figures released on Thursday.
Oct budget execution data affirms strong revenue performance
The budget primary balance was confirmed at a surplus of 10.25 billion euros up to October, compared to a surplus of 13.53 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.