Economy
Scope leaves rating at 'BBB' and outlook unchanged at stable
Scope Ratings completed the latest monitoring process for Greek government bonds (GGBs) and the agency decided to keep Greece’s rating at ‘BBB’ with a stable outlook.
Rise in producer prices eases to 0.5 pct YoY, in growth for four straight months
Greece’s Producer Price Index (PPI) slowed in April, with a rise of 0.5 percent year-on-year (YoY), after an increase of 2.1 percent in March, ELSTAT data showed on Friday.
Affected by drop in fuel sales, rise in retail figures moderates to 1.2 pct YoY
Greece’s retail sales slowed significantly with a rise of 1.2 percent year-on-year (YoY) in March, after growth of 6.3 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment hits 8.3 pct in Apr for newest low since 2008
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.3 percent in April, from 8.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Government hails rising wage data, but full picture tells more complex story
The issue of wages resurfaced in the public debate last week after the government launched a communication offensive and briefed the Greek media that, based on Eurostat data, incomes in Greece have significantly improved.
Building activity records another sharp drop of 21.9 pct YoY in Feb
Building activity recorded another sharp drop at the start of 2025 with a decrease of 21.9 percent year-on-year (YoY) in February, after a drop of 17 percent in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday.
Consumer confidence rises sharply by 4 points in May, other components drop
Greece’s economic sentiment (ESI) was broadly stable in May at 107 points, from 107.4 in the previous month, according to European Commission figures released on Tuesday.
Solid taxes and restrained spending push primary surplus to 5.15 bln by Apr
The budget primary balance was confirmed at a surplus of 5.15 billion euros by April, compared to a surplus of 3.28 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Q1 travel receipts up 4.4 pct YoY, arrivals also on the rise
Greece's travel balance recorded a surplus of 220.9 million euros in March, compared to 90 million euros in February, according to data released by the Bank of Greece (BoG) on Thursday.
Current account deficit widens to 3 bln in Mar, at 4.47 bln in Q1
Greece’s current account recorded a deficit of 3 billion euros in March, from a deficit of 2.49 billion euros in February, Bank of Greece (BoG) data released on Wednesday showed.