Economy
Union report sums up grim state of wages, policy shortcomings
The latest annual report by Greece’s largest union, GSEE, captures the grim picture regarding wages in Greece and the spending power of workers.
Car registrations rise by 13.5 pct YoY in May to highest since 2010
Vehicles going into circulation for the first time rose by 16.3 percent year-on-year (YoY) in May, after an decrease of 2.1 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Revenues continue beating targets in May, tight rein on spending remains
The budget primary balance ran a surplus of 5.35 billion euros up tp May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Energy a main factor in decline of April import prices by 6.3 pct YoY
Greece’s import price index continued its contraction in April, with a sharp drop of 6.3 percent year-on-year (YoY), after a 2.5 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Wage index continues to rise in Q1 with 5.9 pct YoY growth
Greece’s seasonally adjusted (SA) Wages Index grew by 5.4 percent year-on-year (YoY) in Q1, from 5.8 percent in the last quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Clarity over fiscal space clears way for next set of relief measures
Greece’s fiscal outlook became clearer this week along with the ability of the Greek government to implement more voter-friendly policies as it attempts to restore its relations with the electorate.
Electricity drives drop of 4.3 pct YoY in Apr industrial production
Greece’s Industrial Production Index (IPI) fell sharply in April with a drop of 4.3 percent year-on-year (YoY), after a rise of 1.6 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
CPI increases to 2.5 pct YoY in May, housing costs soar by 6 pct
Greece’s Consumer Price Index (CPI) picked up pace in May with a rise of 2.5 percent year-on-year (YoY) in May, from 2 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
Trade data captures reflects challenges as exports fall 14.5 pct in Apr
Greece’s trade deficit dropped by 6.9 percent year-on-year (YoY) in April, after a sharp rise of 25.3 percent in March, according to data released by ELSTAT on Friday.
Q1 GDP virtually unchanged with just 0.04 pct QoQ growth, investments drop sharply
Greece’s seasonally adjusted (SA) GDP was virtually unchanged in Q1, rising by 0.04 percent quarter-on-quarter (QoQ), from a 0.8 percent increase in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.