Economy
Receipts and arrivals rise in May, but spending per trip down by 12.2 pct
Greece's travel balance recorded a surplus of 1.65 billion euros in May, compared to 571.2 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday.
Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
Greece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday.
Strong tax performance and underspend push 6M primary surplus to 1.7 bln above target
The budget primary balance recorded a surplus of 2.9 billion euros by June, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Scope leaves rating unchanged at BBB-, ups outlook to positive due to solid fiscal performance
Scope Ratings kept Greece’s rating unchanged at ‘BBB-‘ on Friday. This is the lowest step of the investment grade that it granted Greece in August last year, but Scope upped the outlook to positive.
Growth in vehicle sales remains subdued in June, H1 up by 6.5 pct YoY
Road motor vehicles going into circulation for the first time rose by 3.6 percent year-on-year (YoY) in June, after a drop of 0.8 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Electricity and manufacturing boost industrial production for 6.7 pct growth in June
Greece’s Industrial Production Index (IPI) grew in May following a significant rise of 6.7 percent year-on-year (YoY), after an upwards revised 11.7 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
CPI stable at 2.3 pct in June, food prices drop below headline figure for first time since 2022
The growth in Greece’s Consumer Price Index (CPI) moderated slightly in June with a rise of 2.3 percent year-on-year (YoY), after an increase of 2.4 percent in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
Ongoing rise in imports and tame exports elevate trade deficit to 3.39 bln in May
Greece’s trade deficit recorded a solid rise of 13.6 percent year-on-year (YoY) in May, after a jump of 35.6 percent in April, according to data released by ELSTAT on Monday.
Hotel and catering jobs propel May hiring balance to new record
Greece’s employment balance had another solid month in May, with 126,660 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Reports raise questions about some economic policy decisions
Two reports published last week highlighted issues that have placed the government under pressure from the opposition parties over the last few months and raise questions about some of the policy decisions taken by the ruling conservatives.