Economy
Quarterly unemployment edges up to 10.4 pct in Q1 on back of seasonal factors
Greece’s non-seasonally adjusted quarterly unemployment rate picked up in Q1, rising to 10.4 percent, from 9.5 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Accommodation and hospitality drive April hiring balance to highest on record
Greece’s employment balance was strong as is usually the trend in April with 133,907 more hires than departures in April, according to data from the Labour Ministry’s Ergani information system.
Finance Ministry seeks solutions to address growing housing problem
After months of taking a beating due to the Tempe crash, the Greek government has launched a concerted effort to change the narrative with an emphasis on issues related to the daily lives of Greeks and has modestly loosened the purse strings with a couple of voter friendly handouts.
OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
The OECD published on Tuesday its latest economic outlook, which sees a stable growth path for Greece, broadly in line with the latest estimates by most organisations and the Greek authorities.
Deposits slide by 795 mln in Apr, dropping to 198.37 bln
The contraction in the Greek banking system’s private sector deposits resumed in April, with a net decrease of 795 million euros, after a 2.41-billion-euro rise in March, according to the latest Bank of Greece (BoG) figures released on Friday.
Credit growth stays strong in April with 10.9 pct YoY rise, credit to corporations stalls MoM
The credit expansion in the Greek private sector remained strong in April, rising by 10.9 percent year-on-year (YoY), from 10.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed.
Growth in property prices stable at 6.8 pct YoY in Q1
The growth in the nominal value of apartments in Greece slowed marginally in the first quarter of 2025, increasing by 6.8 percent year-on-year (YoY) from an upwards revised 7 percent in Q4 2024, Bank of Greece (BoG) data released on Monday showed.
PMI unchanged in May as signs of tariff effects, weak EU demand start to show
Greece’s Manufacturing PMI was unchanged in May at 53.2 points, according to S&P Global data released on Monday.
Scope leaves rating at 'BBB' and outlook unchanged at stable
Scope Ratings completed the latest monitoring process for Greek government bonds (GGBs) and the agency decided to keep Greece’s rating at ‘BBB’ with a stable outlook.
Rise in producer prices eases to 0.5 pct YoY, in growth for four straight months
Greece’s Producer Price Index (PPI) slowed in April, with a rise of 0.5 percent year-on-year (YoY), after an increase of 2.1 percent in March, ELSTAT data showed on Friday.