Economy
Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
The budget primary balance produced a surplus of 4.67 billion euros up to June, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
Energy drives drop of 4.2 pct YoY in import prices drop for June
Greece’s import price index continued its contraction in May, with a drop of 4.2 percent year-on-year (YoY), after a sharp 6.3 percent decline in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
Vehicles going into circulation for the first time rose by 13.4 percent year-on-year (YoY) in June, after an increase of 16.3 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Energy at forefront of 2 pct decline for industrial production in May
Greece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
CPI captures rise in housing costs with 7.2 pct YoY increase, headline up 2.8 pct
Greece’s Consumer Price Index (CPI) picked up further pace in June with a rise of 2.8 percent year-on-year (YoY), from 2.5 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit falls sharply in May, at 13.41 bln in 5M
Greece’s trade deficit dropped sharply by 31.6 percent year-on-year (YoY) in May, after a 6.9 percent drop in April, according to data released by ELSTAT on Tuesday.
Waiters and chefs lead May hiring balance to highest on record
Greece’s employment balance was strong as is usually the trend in May with 137,841 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Unemployment at 7.9 pct in May, lowest since Nov 2008
Greece’s seasonally adjusted (SA) unemployment rate edged down to 7.9 percent in May, from 8.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
PMI remains in expansion at 53.1 in June, though firms see export and cost challenges
Greece’s Manufacturing PMI was again virtually unchanged in June at 53.1 points, from 53.2 in the previous month, according to S&P Global data released on Tuesday.
Lending to corporations drives credit growth of 11.3 pct YoY in May
The credit expansion in the Greek private sector remained strong in May, rising by 11.3 percent year-on-year (YoY), from 10.9 percent in the previous month, Bank of Greece (BoG) figures released on Monday showed.