Economy
Unemployment increases MoM in Feb, rising to 11 pct
Greece’s seasonally adjusted (SA) unemployment rate moved further away from the 10 percent threshold in February, landing at 11 percent, from 10.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Manufacturing makes fastest improvement for two years in March as PMI reaches 56.9 pts
Greece’s Manufacturing PMI continued its expansion in March, rising to 56.9 points from 55.7 points in February, according to S&P Global data released on Monday.
Retail sales back in contraction for Jan, as volumes fall by 8.9 pct
Greece’s retail sales went into contraction in January, with a drop of 2.3 percent year-on-year (YoY), after upwards revised growth of 7.6 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Producer prices continue to slide, down by 4.3 pct YoY in Feb
Greece’s Producer Price Index (PPI) completed a full year of contraction in February, dropping by 4.3 percent year-on-year (YoY), after falling by 7 percent in January, ELSTAT data showed on Friday.
Deposits continue to slide in Feb as households and firms dip into savings
The net private sector deposits in the Greek banking system contracted further in February with a drop of 1.07 billion euros, after a 5.24 billion euros drop in January, based on the latest Bank of Greece (BoG) figures released on Thursday.
Lending to corporations drives credit expansion of 3.8 pct YoY in Feb
The credit expansion in the Greek private sector picked up pace slightly in February, rising by 3.8 percent year-on-year (YoY), up from 3 percent in January, Bank of Greece (BoG) figures released on Thursday showed.
Small gains for building activity in Dec, up 7.1 pct in full 2023
Building permits only rose marginally in December, up by 0.6 percent year-on-year (YoY), after dropping by 1.2 percent year-on-year (YoY) in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Economic sentiment and consumer confidence gain ground in March
Greece’s economic sentiment (ESI) recovered strongly to 108.4 points in March, from 104.9 points in February, according to European Commission figures released on Wednesday.
Travel balance surplus more than doubles YoY in Jan
Greece's travel balance recorded a modest surplus of 112.6 million euros in January, compared to 114.9 million euros in December, according to data released by the Bank of Greece (BoG) on Tuesday.
Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
The budget primary balance was confirmed at a surplus of 3.38 billion euros in February, compared to a surplus of 4.22 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.