Economy
Retail sales rise by 12.3 pct YoY in Nov, but volumes barely move
The growth in Greece’s retail sales picked up pace in November, rising by 12.3 percent year-on-year (YoY), from 8 percent growth in October, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Close of 2022 sees softer labour market, with 60,235 fewer jobs
Greece’s employment balance moved to positive territory in December, with 8,867 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Growth in producer prices slows to 16.5 pct in Dec as energy rise moderates
There was a further slowdown in the pace of Greece’s Producer Price Index (PPI) in December, rising by 16.5 percent year-on-year (YoY), from 26.2 percent in November, ELSTAT data showed on Monday.
Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
Greece’s economic sentiment (ESI) showed more signs of recovery in January, rising by 1.4 points to 104.9, after a downward revised 2.1 points to 103.5 in December, according to European Commission figures released on Monday.
Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
Fitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable.
Loans grow by 6.3 pct in Dec, highest since 2009
Credit movement in the Greek private sector accelerated in December, rising by 6.3 percent year-on-year (YoY), from 5 percent in November, and 5.3 percent in October, Bank of Greece (BoG) figures released on Friday showed.
Deposits record growth of 5 bln in Dec, balance at highest since summer 2011
The net private sector deposit movement in the Greek banking system turned positive in December with a jump of 5 billion euros, after a drop of 591 million euros in November, based on Bank of Greece (BoG) figures released on Friday.
Building permits rise by 8.2 pct in Oct, but surface and volume fall sharply
Building permits in October remained on a growth trend thanks to a rise of 8.2 percent year-on-year (YoY), after an increase of 9.1 percent in September, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Friday.
Final budget execution for Dec confirms primary deficit beat target by 1.85 bln
The budget primary balance for the year 2022 came to a deficit of 6.65 billion euros, compared to a deficit of 10.33 billion euros during 2021, according to the final Finance Ministry (MoF) budget execution data for December released on Wednesday.
Disposable income rises by 10.2 pct in Q3, saving rate also turns positive
Household disposable income increased by a solid 10.2 percent year-on-year (YoY) in the third quarter (Q3) of 2022, from a 1.7 percent rise in the second quarter (Q2), according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.