Economy
Debt position a bulwark against global turbulence
It has been widely reported that Greek Finance Ministry officials have been following with concern developments in the global economy and sovereign debt markets, trying to assess the implications of Donald Trump assuming the US presidency on January 20.
Industrial production returns to growth in Nov with 4.9 pct YoY rise, led by electricity
Greece’s Industrial Production Index (IPI) resumed growth in November with a 4.9 percent year-on-year (YoY) rise, after a 2.5 percent decrease in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Trade deficit jumps 18.7 pct YoY in Nov, 11M deficit at 31.51 bln
Greece’s trade deficit rose sharply by 18.7 percent year-on-year (YoY) in November, after a rise of 11.5 percent in October, according to data released by ELSTAT on Thursday.
Economic sentiment unchanged in Dec, consumer confidence improves by 3 pts
Greece’s economic sentiment (ESI) was virtually unchanged in December, falling marginally to 106 points, from 106.2 in the previous month, according to European Commission figures released on Wednesday.
Unemployment rate remains in single-digit territory for Nov, at 9.6 pct
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in November, edging down up to 9.6 percent, from 9.8 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
PMI rebounds strongly to 53.2 points in Dec but cost concerns persist
Greece’s Manufacturing PMI recorded a strong rebound in December, rising to 53.2 points, from 51.2 points in November, according to S&P Global data released on Thursday.
Credit for corporates propels credit growth to 10 pct YoY in Nov
The credit expansion in the Greek private sector accelerated in November, rising by 10 percent year-on-year (YoY), from 9.1 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Corporations drive sharp rise for deposits in Nov, reaching 198.01 bln
The private sector deposits in the Greek banking system rose sharply in November with a net increase of 2.27 billion euros, after a 2.26-billion-euro contraction in October, according to the latest Bank of Greece (BoG) figures released on Thursday.
Fuels head 1.7 pct YoY drop in retail sales for Nov as volumes drop again
Greece’s retail sales resumed contraction in October with a drop of 0.6 percent year-on-year (YoY), after an increase of 1.7 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Energy drives 1.2 pct YoY drop in Nov producer prices as other categories increase strongly
Greece’s Producer Price Index (PPI) remained in contraction in November, although it moderated to 1.2 percent year-on-year (YoY), after a decline of 2.3 percent in October, ELSTAT data showed on Monday.