Economy
Growth of wages index slows to 3.9% YoY in Q2
Greece’s seasonally adjusted (SA) Wages Index slowed in Q2 with growth of 3.9 percent year-on-year (YoY), from 6.6 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Economy holds steady in Q2 but autumn set to pose more and tougher tests
The macroeconomic releases — the latest Q2 GDP and national CPI data — were the main domestic economic events of last week, while developments outside Greece are fuelling concern about difficult months ahead for households.
Energy pushes import prices up by 10% in July
Greece’s import price index recorded another sharp rise of 10 percent year-on-year (YoY) in July, after an increase of 6.9 percent in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Sharp drop in new passenger cars leads to 18.7% YoY decline for vehicle sales in Aug
The number of vehicles going into circulation for the first time fell sharply in August, with a drop of 15.5 percent year-on-year (YoY), after a decrease of 1.2 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Despite manufacturing gains, industrial production drops by 1.2% YoY in July
Greece’s Industrial Production Index (IPI) contracted in July with a drop of 1.2 percent year-on-year (YoY), after a rise of 1.1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Inflation picks up pace in August, rising to 3.8% YoY
Greece’s Consumer Price Index (CPI) slightly accelerated in August with a rise of 3.8 percent year-on-year (YoY), from 3.4 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT).
Seasonal factors shape employment balance in July as job departures dominate
Greece’s employment balance in July had 13,795 more departures than hires, according to data from the Labour Ministry’s ERGANI information system.
Energy impacts trade deficit as July sees growth of 3.2% YoY
There was a reversal in the recent trend for Greece’s trade deficit in July thanks to a 3.2 percent year-on-year (YoY) rise, after a fall of 18.1 percent in June, according to data released by ELSTAT on Monday.
GDP grows by just 0.3% QoQ in Q2, eases to 1.9% YoY
Greece’s seasonally adjusted (SA) GDP grew modestly in Q2, rising by 0.3 percent quarter-on-quarter (QoQ), from 0.2 percent increase in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.
DBRS leaves rating unchanged at 'BBB', ups outlook to positive
DBRS kept Greece’s credit rating unchanged at ‘BBB’ on Friday while upgrading the outlook from stable to positive.