Greece’s seasonally adjusted (SA) unemployment rate remained stable in December at 11.6 percent, unchanged from November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Greece’s Manufacturing PMI remained in contraction at the start of 2023 at 49.2 points, eased off though from the 47.2 points of December, according to S&P Global data released on Wednesday.
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.
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.
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.
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.
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.
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.
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 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.