Economy
RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln
The budget primary balance recorded a deficit of 6.39 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Thursday.
Busy Q2 for securitisations sees rise in bad loans managed by servicers
In the second quarter of the year (Q2), loans managed by Credit Servicing Firms (CSF) stood at 61.75 billion euros, according to data released by the Bank of Greece (BoG) on Thursday.
Spurred by rising employment, Q2 unemployment drops to 10-year low of 15.8 pct
Greece’s non-seasonally adjusted unemployment rate was 15.8 percent in the second quarter of the year (Q2), from 17.1 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
Greece’s seasonally adjusted (SA) unemployment rate dropped to 14.2 percent in July from 15 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Growth in building activity decelerates to 17.6 pct in June after post-lockdown boom
The number of building permits issued in Greece decelerated to an increase of 17.6 percent year-on-year (YOY) growth in June, from 62.9 percent in May, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed.
Govt grabs opportunity offered by escape clause to entice voters with support package
Under pressure from developments since the beginning of August which tarnished its prized trait of competence, the government saw an opportunity to announce a sizeable support package at the Thessaloniki International Fair, hoping to change the domestic agenda.
Industrial production rises 7.8 pct in Jul to continue recovery since late 2020
Greece’s Industrial Production Index (IPI) increased by 7.8 percent year-on-year (YoY) in July, slowing down from the 8.9 percent rise in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
CPI up by 1.9 pct in Aug for highest reading in almost a decade
Greece’s Consumer Price Index (CPI) continued its rise in August, when it increased by 1.9 pct year-on-year (YoY) from 1.4 percent in July, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Recovery in car sales slows to 2.7 pct in August
Road motor vehicles going into circulation for the first time increased by 2.7 percent year-on-year (YoY) in August, after a rise of 10.3 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Rise of property prices continues with 4.6 pct increase in Q2
The rise in the nominal value of apartments in Greece accelerated to 4.6 percent year-on-year (YoY) in the second quarter (Q2), from an upwards revised 3.5 pct in the first quarter (Q1), according to Bank of Greece (BoG) data released on Thursday.