Economy
CPI at 2.9 pct in Feb, food prices up by 6.7 pct
The growth in Greece’s Consumer Price Index (CPI) slowed down marginally in February, with a rise of 2.9 percent year-on-year (YoY), after an increase of 3.1 percent in January, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct
Alpha Bank reported a net profit of 611 million euros in 2023, compared to a profit of 368 million euros in 2022.
Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
Eurobank posted an adjusted net profit of 1.26 billion euros in 2023, compared to a profit of 1.18 billion euros in the previous year, a rise of 6.6 percent.
Labour market comes to rest, unemployment at 10.5 pct in Q4
Greece’s non-seasonally adjusted quarterly unemployment rate moved only marginally in Q4 last year, dropping to 10.5 percent, from 10.8 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
GDP continued to slow in Q4, rise for 2023 at 2 pct
Greece’s seasonally adjusted (SA) GDP had marginal gains in Q4, rising by 0.2 percent quarter-on-quarter (QoQ), from a 0.1 percent drop in Q3, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
Despite slowdown, Q4 property price rise pushes 2023 increase to 13.4 pct
The growth in the nominal value of apartments in Greece stayed strong in the last quarter of 2023, increasing by 11.8 percent year-on-year (YoY) from an upwards revised 12.1 percent in Q3 2023, Bank of Greece (BoG) data released on Tuesday showed.
Catering and retail contribute to worst employment balance on record in Jan
Greece’s employment balance was negative in January, with 31,977 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Unemployment rate climbs back above 10 pct in Jan
Greece’s seasonally adjusted (SA) unemployment rate stayed above 10 percent in January, landing at 10.4 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
PMI records further gains in Feb, sector confidence almost at two-year high
Greece’s Manufacturing PMI continued recording gains in February, rising to 55.7 points from 54.7 points in January, according to S&P Global data released on Friday.
Producer prices drop for 11 months straight, down 6.6 pct in Jan
Greece’s Producer Price Index (PPI) contracted for eleven successive months in January, dropping by 7 percent year-on-year (YoY), after falling by 6.6 percent in December, ELSTAT data showed on Thursday.