Greece’s retail sales remained in positive territory in August, with a rise of 2.4 percent year-on-year (YoY), after a 3.4-percent rise in July, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Greece’s Producer Price Index (PPI) contracted for the seventh successive month in September, dropping by 4.3 percent year-on-year (YoY), after falling by 8.3 percent in August, ELSTAT data showed on Monday.
Greece’s economic sentiment (ESI) continued its slide with a drop of 1.3 points to 106.4, after a decline of 3.3 points in September, according to European Commission figures released on Monday.
Building permits remained on a solid footing in July, rising by 7.5 percent year-on-year (YoY), after a rise of 13 percent in June, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
The budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022.
The net private sector deposit movement in the Greek banking system was strong in September, with a 2.23-billion-euro inflow, after a marginal movement of 190 million euros in August, based on the latest Bank of Greece (BoG) figures released on Wednesday.
The credit expansion in the Greek private sector picked up pace in September, rising by 2.1 percent year-on-year (YoY), from 0.9 percent in August, Bank of Greece (BoG) figures released on Wednesday showed.
The developments in the Greek banking sector moved up a gear on Monday with the announcement of a strategic partnership between Alpha Bank and Italy’s UniCredit, a deal that includes the Romanian business of the two parties, the sale of the Greek lender’s insurance and the prospect of UniCredit acquiring the 9 pct stake in Alpha held by HFSF.
Greece’s travel balance recorded a surplus of 4.11 billion euros in August, from 3.88 billion euros in July, according to Bank of Greece (BoG) data released on Monday.
S&P became on Friday the first of the three leading rating agencies that restored Greece to investment grade, bringing to a close an arduous period for the country that started at the end of 2009 and was sealed with the signature of the first adjustment programme with the eurozone and the IMF in May 2010.