Economy
Unemployment drops to 11.6 pct in Oct, lowest since 2010
Greece’s seasonally adjusted (SA) unemployment rate remained broadly stable in October, dropping to 11.6 percent, from an upwards revised 12 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Manufacturers facing headwinds as Nov PMI in contraction for fifth straight month
Greece’s Manufacturing PMI remained relatively unchanged in November, rising by 0.3 points from October to 48.4 points, according to S&P Global data released on Thursday.
Producer price index quickens pace in Oct with 8.1 pct monthly rise
Greece’s Producer Price Index (PPI) growth picked up pace again in October, rising by 35.4 percent year-on-year (YoY), after a rise of 29.4 percent in September, ELSTAT data showed on Wednesday.
Inflation drives up retail sales by 10.5 pct in Sep, but MoM sees 0.6 pct drop
The growth in Greece’s retail sales dropped pace in September, rising by 10.5 percent year-on-year (YoY), after an upwards revised 15 percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Property price rise accelerates in Q3 with 11.2 pct increase
The increase in the nominal value of apartments in Greece remained on a solid footing in Q3 of this year, rising by 11.2 percent year-on-year (YoY), from an upwards revised 10.1 percent in Q2, Bank of Greece (BoG) data released on Tuesday showed.
Economic sentiment partially recovers to 101.4 in Nov, consumer confidence also up
Greece’s economic sentiment (ESI) showed signs of recovery in November, rising by 3 points to 101.4, climbing back above 100-points, after a 6.6-point drop in October, according to European Commission figures released on Tuesday.
Credit growth slows to 5.3 pct in Oct amid first outflow since Jan
Credit movement in the Greek private sector slightly slowed in October, rising by 5.3 percent year-on-year (YoY), from 6 percent in September, and 5.8 percent in August, Bank of Greece (BoG) figures released on Monday showed.
Deposit outflow at 550 mln in Oct, led by a decline in corporates
The net private sector deposit movement in the Greek banking system in October turned negative with a drop of 550 million euros, after a rise of 2.26 billion euros in September, based on Bank of Greece (BoG) figures released on Monday.
Building activity back to growth in Aug, but year-to date remains subdued
Building permits growth in August resumed the growth trajectory with a rise of 12.6 percent year-on-year (YoY), after dropping by 2.3 percent in July, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Monday.
Final budget for Oct affirms new targets and tax outperformance
The budget primary balance for the ten months of 2022 came to a deficit of 350 million euros, compared to a deficit of 7.18 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Friday.